Wirex becomes a global partner for Visa and makes strong moves in APAC
LONDON, 13 February 2023 /PRNewswire/ — Wirex, a leading crypto payment platform, has signed a long-term strategic global partnership with the payment company network Visa. This includes becoming a member of Visa in APAC and the UK which will allow Wirex to issue directly crypto-activated debit and prepaid cards for over 40 countries.
The agreement between Wirex and Visa will support further cooperation in major markets, including APAC, UK, Europe and USA. Membership of Visa enables Wirex to offer new innovative products to use crypto in everyday life, improve the user experience and test new blockchain initiatives.
The news is another milestone for London-based company with over 5 million customers. Wirex’s largest customer base is in the UK, with rapid growth in APAC, having been a finalist for the SFF Global Fintech Awards at the Singapore Fintech Festival last November. It is hoped that this partnership will continue to help them empower everyone to access the benefits of crypto.
The announcement builds on the two companies’ existing relationship. In 2015, Wirex was the first company in the world to develop one crypto-enabled card, which allows users to buy, hold, exchange, sell multiple traditional and cryptocurrencies and spend them at over 80 million locations where Visa is accepted. Customers benefit from real-time point-of-sale conversion, exclusive interbank and OTC exchange rates, free international ATM withdrawals, zero monthly fees, free fiat-to-fiat exchange and up to 8% Cryptoback™ rewards on every purchase.
Svyatoslav Garalregional managing director of Wirex APAC, said “It is great to strengthen our partnership with Visa, which has played an important role in allowing us to bridge the gap between the traditional and digital economy. Visa’s proven commitment to safety, security and innovation will help us to continue developing a next-generation app and card.”
Matt Woodhead of digital partnerships, Asia PacificVisa, commented: “Visa wants to bring more payment options to consumers by connecting digital currencies to our network of banks and merchants. We are pleased that Wirex is expanding its focus on Asia Pacificmaking it easy and seamless for people to use theirs crypto balance with the millions of merchants who accept Visa in the region.”
Wirex will continue to work closely with Visa to expand services and roll out their card program worldwide. In the coming weeks, Wirex will announce a significant new partnership for card issuance in the Australia.
About Wirex
Wirex is a worldwide digital payment platform and regulated institution that has forged new rules in the digital payment space. In 2015, the company developed the world’s first crypto-activated payment card that gives users the opportunity to use seamlessly crypto and traditional currencies in real life.
Founded in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, Wirex was created to make the digital economy accessible to everyone. With over 5 million customers and rapid expansion into new territories, including the US, Wirex is uniquely positioned to support and advance the mass adoption of a cashless society through creative solutions. To reflect the growth of the metaverse, throughout 2021 the company has continued to expand its offering to the CeFi and DeFi sectors.
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SOURCE Wirex
