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Mobilum Technologies enters agreement with ZEN.COM for virtual IBAN accounts

By Edlyn Cardoza

May 09, 2022

  • American Express
  • Canada
  • Digital assets
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Mobilum Technologies, Digital Assets, Traditional Finance, ZEN.COM, IBAN, Lithuania, Payment Card, Multi-currency IBAN Account, Online Payment, Mastercard, VISA, American Express, Union Pay, SEPA Transfer, CanadaMobilum Technologies Inc., a technology-driven company making digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure and the first solution provider of Fiat-to-Dex Tokens rails, announced that it has signed a service agreement with ZEN.COM to provide Mobilum’s customers with a dedicated virtual International Bank Account (IBAN).

ZEN.COM is an international FinTech company with an e-money license issued by the central bank of Lithuania, which provides financial services in 31 European countries. ZEN.COM offers a comprehensive suite of digital products and services, such as a payment card, multi-currency IBAN account, online payment platform, and associated unique benefits and additional customer protection. ZEN.COM has also earned the trust of leading payment institutions and is a direct partner of many payment organisations, such as Mastercard, VISA, American Express, and Union Pay. In cooperation with global and local payment methods, Zen strives to meet the most demanding expectations of users.

ZEN.COM will provide Mobilum with the Euro backend and fulfilment infrastructure to Mobilum’s settlement accounts through this service agreement. Mobilum can now provide virtual IBAN accounts enabling its clients to transfer funds and remit crypto transactions via SEPA transfer.

“We are very excited to be moving forward with the agreement with ZEN.COM and having the ability to provide dedicated bank accounts to digital asset companies and digital asset users worldwide,” said Mobilum Technologies CEO Steven LaBella.

“We are extremely delighted to start cooperation with Mobilium that enables us to build the bridge between the world of digital and traditional assets. Thanks to the partnership, ZEN’s embedded financial infrastructure gives Mobilum the opportunity to offer their clients virtual IBANs for withdrawing and receiving fiat currency via SEPA. The payment-on-behalf and collection-on-behalf make payments processing simpler and faster, while fraud and reconciliation errors are significantly reduced,” remarks Chief Commercial Officer at ZEN.COM, Michał Bogusławski.

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