From: RegTech Analyst
TWIGA Wallet has tapped compliance experts Moorwand to issue, acquire and to provide BIN sponsorship services ahead of the launch of TWIGA Card.
TWIGA Wallet was launched in March 2020 and is marketed towards millennials, given them the option to create their own e-walled with their bespoke design.
The TWIGA Card is the companion to the TWIGA Wallet and will be available either as a debit or full IBAN account to consumers across Europe.
?Today consumer especially millennials – want a 100% digital wallet that is intuitive, easy to use and flexible to their needs,” said Marios Koutoumanis, COO at TWIGA Wallet. “They dont want an analogue onboarding process with difficult to understand small print to get an out-of-the-box product. The TWIGA Wallet breaks the mould by providing a fully customisable digital wallet with a range of innovative features that can be used anywhere in Europe. With the TWIGA Card we can now open up a universe of payment services for our new and existing customers.
?TWIGA Wallet is an ambitious brand looking to achieve rapid growth by constantly evolving its product suite and expanding into new markets. We needed a partner that shared our vision, was highly collaborative, and had the expertise to deliver compliance at the speed of innovation. Moorwand has helped us to meet our ambitions, and with the launch of the TWIGA Card on the horizon, the company will be integral to our next phase of growth.p>
Luc Gueriane, chief commercial officer at Moorwand, added, ?As an innovative FinTech, we want to work with other FinTech innovators that are looking to create fresh and different payment propositions to meet the emerging needs of new consumer demographics.
?The combination of TWIGA Wallet and TWIGA Card offers a level of customisation, flexibility and ease of use rarely seen in digital wallets. We have been able to rapidly orchestrate an agile and dynamic programme that reduces payment friction whilst ensuring compliance. And we cannot wait for the dual offering to make its market debut.p>
Previously, payments company Telleroo has enlisted Moorwand to help streamline and simplify its services.
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