back Back

Moorwand announces its latest partnership with Payme Swiss and Bourgeois Boheme

By Joy Dumasia

March 03, 2022

  • Bourgeois Bohème
  • Europe
  • FinTech
Share

Moorwand, a BIN sponsor and issuer that transforms compliance into an enabler of innovation, has partnered with Payme Swiss, a provider of unique payments solutions, and Bourgeois Bohème, a specialist partner for high-net-worth clients offering qualified concierge and financial service with a human touch to bring luxury payment products to market. Through access to Moorwand’s issuing services, Payme Swiss provides virtual and physical cards linked to wearable payments products to Bourgeois Bohème, who will be using it to develop luxury items and services geared to affluent European consumers. 

The number of high-net-worth individuals (HNWI) and ultra-high-net-worth individuals (UHNWI) grew by 6% last year, to 513,244 (Knight Frank, 2020). FinTechs are increasingly looking to target the growing niche to offer high-end financial services. 

Moorwand’s solutions allow for multi-currency support and ensure necessary payments legislation and regulation is followed. Its issuing and digital banking services let Payme Swiss and Bourgeois Bohème launch these payment services with full compliance, quickly and efficiently with access to Mastercard payment rails. 

Hugo Gomez, CEO at Bourgeois Bohème, said: “HNWI and UHNWI have high expectations from FinTech and payment solutions. To deliver these specialised products, we needed partners who could supercharge our product development. By working with Moorwand and Payme Swiss, we combine the power of cutting-edge technology to create unique and personalised products that these audiences want.” 

Simon Isaev, CEO at Payme Swiss, said: “With a background in FinTech and wealth management, our team understands what affluent and HNWI customers are looking for. By combining this expertise with Moorwand’s digital banking services, we’ve created a programme for Bourgeois Bohème that will deliver a high-end fintech experience and drive loyalty among a niche audience.” 

Luc Gueriane, Chief Commercial Officer at Moorwand, said: “Moorwand is always looking to work with innovative FinTechs who are at the forefront of change in our industry. Payme Swiss and Bourgeois Bohème have identified a gap in the market for services and products targeted at affluent, HNWI, and UHNWI individuals. We’re excited to help them take this vision to market, and we look forward to a long-lasting partnership.” 

Recently, IBS Intelligence reported that Moorwand, a payments solutions provider offering BIN sponsorship and issuing services, announced the launch of its suite of payments compliance services. The suite aims to improve the financial crime systems and controls for Moorwand clients whilst reducing the administrative burden and improving operational efficiencies.

Previous Article

March 03, 2022

TrueLayer delivers instant deposits and withdrawals for ETX Capital

Read More
Next Article

March 03, 2022

LPA expands its Italian presence with a new hire

Read More








IBSi Daily News Analysis

March 22, 2024

Bourgeois Bohème

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

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

Today

5 Major FinTech Acquisitions announced in March 2024

Read More

Today

Tempo France suspends classical remittances, to focus on DeFi

Read More

Today

Qonto unveils its first in-house financing offer, ‘Pay later’

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
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