Wirex, a global leader in crypto payments with over 6 million users, has announced a strategic partnership with leading e-money institution Transact Payments.

This collaboration is set to enhance Wirex’s card product offerings, delivering added convenience and streamlined payment solutions for users in the European Economic Area (EEA).

At Transact Payments, they have built a reputation as experts in payment and card solutions. The company provides flexible U.K. and European BIN sponsorship and modular payment, debit, credit and prepaid services in the U.K. and EEA.

Pavel Matveev, CEO and Co-Founder of Wirex, said: “We approach this new and important milestone as we join hands with Transact Payments, a company recognised for innovation in card issuance. This partnership resonates with our commitment to providing the best for our users and enhancing the card experience.”

Sergio Gandolfo, CEO at Transact Payments, said: “Wirex is a business that we have admired for some time as a leader in their sector and we are delighted to partner with them in enhancing their service offering to EU customers. We are sure that this is just the start of our relationship and look forward to supporting them as their product offering continues to grow.”

This upgrade lets users handle transactions more easily, whether they’re shopping on the internet, buying things at physical stores, or making payments while moving around. It shows that Wirex is keeping up with what users want and staying in line with the latest trends in the industry, providing a well-rounded and adaptable payment experience.

Wirex is a leading digital money app and regulated institution that has forged new rules in the digital payments space. In 2015, the firm developed the world’s first crypto-enabled payment card that gives users the ability to seamlessly spend crypto and traditional currencies in real life.

Founded in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, Wirex was created to make the digital economy accessible to everyone. With over 6 million customers and rapid expansion into new territories, including the US and Australia, Wirex has built out a suite of products ensuring it’s the go-to wealth management app. To reflect the growth of Web3, from 2021, the company has continued to expand their offering into the CeFi and DeFi sectors. 

Transact Payments provide innovative, flexible U.K. and European BIN sponsorship and modular payment, debit, credit and prepaid services. They are licensed European e-money institutions and Principal Members of both Mastercard and Visa.

They currently have live programs in 25 countries and in 16 different currencies. Their service offering is fully integrated with many leading processors including Marqeta, Global Processing Services (GPS), i2c, FIS, Tribe, Paymentology, and Tribe.

The post Wirex and Transact Payments Join Forces to Enhance Card Issuance in the EEA appeared first on BeInCrypto.

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