back Back

Currencycloud and Tribe Payments to bring BaaS solution to FinTechs and banks

By Megha Bhattacharya

September 22, 2020

  • Currencycloud
  • England
  • London
Share

Currencycloud, payment platforms, London, Singapore, Asia,Currencycloud and Tribe Payments have entered into a partnership today with an aim to deliver transparency to foreign exchange costs charged on international card transactions. The partnership also aims to equip customers with access to multi-currency wallets. The collaboration will provide Tribe Payments partners with access to wholesale FX rates. The company is also looking to offer named virtual accounts in 35 currencies, enabling the ability to receive, store funds and make payments to almost anywhere in the world through Currencycloud Spark.

Stephen Lemon, Head of Strategic Partnerships and Co-founder, Currencycloud commented, “Our partnership with Tribe payments is really helping digital banks and fintechs gain access to a wholesale, quick, and easy solution to enhance their customer experience. We are excited to partner with Tribe, a like-minded company looking to innovate and transform the payments processing industry.”

The company is also looking to offer named virtual accounts in 35 currencies, enabling the ability to receive, store funds and make payments to almost anywhere in the world through Currencycloud Spark.

The companies stated that they will continue to evolve their partnership with the availability of their FX integration in Q4.

Alex Reddish, Chief Commercial Officer, Tribe Payments commented, “At Tribe Payments, we are on a mission to make payment processing simple and secure, while letting our partners scale quickly. So, this partnership with Currencycloud is perfect as it gives increased scalability to our partners, ensuring they are growing their competitive advantage. We are really looking forward to growing this partnership to mitigate our customers pain points.”

Recently, European payments provider, Contis, announced a partnership with Currencycloud in a bid to offer international payments for around 1 million accounts. The collaboration is expected to allow end-customers to convert GBP to more than 30 currencies and send funds to over 50 counties across 5 continents.

Previous Article

September 22, 2020

DBS Bank reveals doubling down of intelligent banking capabilities

Read More
Next Article

September 22, 2020

Mastercard, Qatar Development Bank to accelerate FinTech innovation through QFTH

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Currencycloud

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 12, 2024

FinTech Focus: Catch latest developments of the week

Read More

April 12, 2024

Parafin secures $125m warehouse facility from Silicon Valley Bank & Trinity Capital

Read More

April 12, 2024

TransferGo raises $10m in funding from Taiwania Capital Management

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023