Ouro selects Bnext as strategic issuer for European expansion

By Gloria Methri

Ouro, a global consumer financial services and technology innovator, has designated Bnext as its strategic issuer in Europe for its portfolio of consumer financial brands.

Ouro’s innovative payments portfolio includes its flagship Netspend brand that pioneered prepaid debit for underserved US consumers looking for better access to payment products. It also includes X World Wallet, its cashback-earning multicurrency wallet and payments app for international travellers and digital nomads looking for more convenience and value for their money.

“The Bnext team has a proven track record of innovation and understanding of the customer needs of a growing European market for next-generation payment products and services,” said Ouro Co-founder and CEO Roy Sosa. “Their entrepreneurial spirit, combined with their technical capabilities and ability to deliver products across European markets, make them a perfect partner for Ouro’s ambitious goals,” he added.

Together, Ouro and Bnext will roll out a range of products, programs and partnerships developed and processed by Ouro’s multilingual and multi-currency payments processing platform and issued by Bnext – including prepaid, debit, digital wallets, and other innovative products under development – in Spain and across Europe. The partnership supports Ouro’s strategic focus on innovation, growth, and expansion to global markets.

Bnext and Ouro began their collaboration last year with the launch and distribution of the Correos Prepaid Mastercard product across 2,389 Correos Spanish Post offices throughout Spain.

“Our Correos experience demonstrated Ouro’s sincere commitment to putting financial services within reach for everyone and the speed and impact our joint innovations can make on the markets we serve,” said Guillermo Vicandi, co-founder of Bnext. We are excited about what the future holds as we work with more partners to deliver even more value to more consumers.”