ONPEX partners with Moorwand to Expand Banking Capabilities

Robert Courtneidge, CEO, Moorwand

ONPEX, the Luxembourg based provider of multi-currency IBAN accounts, has partnered with the international payments company Moorwand, to expand its banking capabilities through next-generation IBAN solutions.

Through this collaboration, Moorwand is meeting increasing demand from clients for additional banking solutions as part of its programme offerings, and continuing to scale the capabilities of its business integrating with ONPEX cloud-based local and cross-border payments and banking* platform. Moorwand’s existing client base of banks, eMoney Institutions (EMIs) and Authorised Payment Institutions (APIs) can now attach more value-added services to their payment programmes.

Speaking of the successful service launch, Robert Courtneidge, CEO at Moorwand, commented “We required a solution that could issue multi-currency IBAN accounts in our name and that of our clients. We partnered with ONPEX as its platform is easy to manage and has strong controls and parameters that provides our clients with a simple, value-added service.”

Moorwand has adopted ONPEX’ state of the art Banking-as-a-Service (Baas) software to make physical and virtual cards bankable. This means, clients can now, in addition to executing card payments worldwide, send and receive wire transfers globally. The partnership with ONPEX is also allowing Moorwand to extend its eWallet functionality with IBAN capabilities making international payments, including SEPA and SWIFT, seamless.

“Moorwand was seeking to work with a partner who has the same mindset of creating and delivering simple, compliant and cost-efficient payment and banking solutions. Our flexible BaaS platform allows Moorwand to provide more innovative solutions for clients within the regulatory modelling of payment programmes.” said Christoph Tutsch, CEO at ONPEX.

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