NagaPay teams up with Contis to launch crypto program in Europe
Leading banking services provider Contis, part of the Solaris Group, has teamed up with NagaPay – Crypto Debit Card to launch a new crypto program in the European Economic Area, enabling consumers to use both fiat and cryptocurrency at the time for sale.
The Visa approved program, powered by the Contis Buffer solution will give customers the choice of using either fiat currency from the NagaPay wallet or cryptocurrency from the NAGA X wallet at the touch of a button via a mobile app. NagaPay is a German-based mobile banking and investment app that allows users based in Europe to spend, save, trade and invest in a single platform.
The newly launched crypto program will follow NagaPay’s existing fiat Visa debit card offering that has been active for five months. The Contis and NagaPay collaboration started in November 2021, giving customers the ability to connect and access funds held directly in their payment and brokerage wallets.
Stelios Eleftheriou, CEO of NagaPay said: “Today we are very excited to announce our innovative solution that makes the world of Crypto widely and easily accessible to the masses. We enable our users to pay anywhere and anything with their new NagaPay Crypto Debit Card, using cryptocurrencies, in addition to fiat, NagaPay users can deposit and withdraw crypto securely from the NAGA Pay Crypto wallet at any time, with real blockchain transactions, low fees with an automated process, in combination with a free IBAN account.
Andrea Ramoino, Chief Strategy Officer at Contis said: “We are proud to support NagaPay with their impressive growth plans by using our market-leading buffering solution to give customers more choice when purchasing products. This is just the start of a strong relationship with NagaPay- team as they continue to expand their product offering.”
About Contis
Contis, part of the Solaris group, delivers award-winning B2B, banking and payment solutions. One of the FT1000: Europe’s fastest growing companies in 2018, 2019 and 2020. We have offices in the UK, Lithuania and India – and recently completed a merger with Berlin-based Solaris to become Europe’s undisputed leader in Banking-as-a-Service. Contis benefits from a full license package, including FCA and Bank of Lithuania e-money licenses covering the EEA, and a full UK consumer credit licence. Contis is a principal member of Visa and Mastercard with full sponsorship and processing capabilities.
About NagaPay
NagaPay is a crypto debit card with mobile banking and investment app that allows you to spend, save, shop and invest, all from a single platform. Open a free account in minutes and get a free IBAN account with physical and virtual cards with multiple currencies. Send and receive money from family and friends, buy and store cryptocurrencies in a crypto wallet, trade stocks or copy other traders using the industry-leading Autocopy engine. Download NagaPay and start managing your finances better today.
