Wirex launches services for new and existing customers in the UK

By Joy Dumasia

Wirex, a digital payments platform, revealed various features for new and existing customers in the UK. Following constructive dialogue with UK regulators, the Financial Conduct Authority, the company has announced that they will be resuming services in the UK.

Founded to help users make the most out of their money, Wirex is an innovative payments platform that allows customers to buy, hold, exchange and sell multiple different currencies from a centralised, intuitive app. With over 5 million customers worldwide, Wirex is now set to bring various upgraded and innovative products to the UK market.

New users in the UK will now be able to order Wirex’s Mastercard debit card, which allows holders to seamlessly spend a variety of currencies at over 81 million locations worldwide. Additionally, all UK users will now have access to increased daily top-up and spending limits, exclusive OTC exchange rates, and zero fees on FX and transfers to contacts.

Pavel Matveev, CEO and Co-Founder of Wirex, said: “As we work towards financial inclusion, it’s vital to collaborate with industry regulators to ensure security and transparency for all users. We’re grateful to have worked alongside the FCA as we proactively contribute towards building a stable and innovative environment for fintech companies operating in the UK. We’re delighted that users will not only have access to Wirex’s arsenal of industry-leading products but also the knowledge that we’re operating with the best practices for our users and that we’re leading by example in the FinTech sector.”

In the coming weeks, the company plans to add to their UK product offering by launching Faster Payments in the Wirex app and expanding account functionalities for GBP holders with the integration of account numbers and sort codes.

Recently, IBS Intelligence reported that i2c Inc., a digital payment and banking technology provider, recently announced its partnership with Wirex, a borderless cryptocurrency and fiat payment platform, to deliver its prepaid multi-currency debit card to the US.