Wirex and Transact Payments Collaborate to Improve Card Issuance in the EEA

Published 9 months ago

Wirex, a global frontrunner in crypto payments boasting over 6 million users, has revealed a strategic alliance with Transact Payments, a prominent e-money institution. This partnership aims to improve Wirex’s card product offerings, providing added convenience and streamlined payment solutions for users in the European Economic Area (EEA).

Transact Payments holds a strong reputation as specialists in payment and card solutions. The company offers U.K. and European BIN sponsorship and modular payment, debit, credit, and prepaid services in the U.K. and EEA.

A Strategic Partnership

Pavel Matveev, CEO and Co-Founder of Wirex, expressed excitement over this new milestone, stating that the partnership with Transact Payments aligns with their commitment to enhancing the card experience and providing the best for their users.

Transact Payments’ CEO, Sergio Gandolfo, reciprocated the sentiment, expressing admiration for Wirex as a leader in their sector and enthusiasm for the partnership. He foresees this collaboration as the beginning of a long-term relationship that supports Wirex’s growth and service enhancement for EU customers.

Benefits for Users and the Industry

This upgrade will facilitate easier transactions for users, whether they’re shopping online, making purchases in brick-and-mortar stores, or transacting on the go. The partnership ensures that Wirex remains at the forefront of user demands and industry trends, offering a comprehensive and flexible payment experience.

About Wirex

Wirex is a regulated institution and leading digital money app that has pioneered new rules in the digital payments arena. In 2015, it developed the world’s first crypto-enabled payment card, allowing users to seamlessly spend crypto and traditional currencies in real life.

Established in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, Wirex aims to make the digital economy accessible to all. With rapid expansion into new territories, including the US and Australia, and a growing suite of products, it has become the go-to wealth management app for over 6 million customers. Reflecting the growth of Web3, Wirex has also expanded its offering into the CeFi and DeFi sectors since 2021.