OpenPayd joins forces with Wirex to enhance payment solutions across the UK and EEA

OpenPayd joins forces with Wirex to enhance payment solutions across the UK and EEA

OpenPayd, a leader in embedded finance and Banking-as-a-Service (BaaS), collaborates with Wirex, a distinguished Web3 money app.

The partnership aims to equip Wirex customers with named virtual IBANs, significantly enhancing the ease, speed, and security of payments across the UK and European Economic Area. This initiative aligns with Wirex’s core mission to streamline payment methods and improve customer satisfaction in digital transactions.

OpenPayd focuses on delivering reliable and scalable banking services, boasting a platform with 99.99% uptime and capabilities to handle vast transaction volumes. Conversely, Wirex is committed to making digital assets more accessible, ensuring secure and rapid transactions through innovative financial solutions.

Through this partnership, Wirex customers in over 30 countries will gain access to the UK’s Faster Payments network and the SEPA Instant payments system for Euro-denominated transactions. This integration is facilitated by OpenPayd’s developer-friendly API, which ensures real-time transactions are possible 24/7, all year round, thereby elevating the overall user experience.

The integration of OpenPayd’s services within Wirex’s infrastructure allows customers to seamlessly transfer currencies between their Wirex and bank accounts. This not only enhances the efficiency of financial transactions but also supports the automation of back-office tasks like account reconciliation.

OpenPayd CEO Iana Dimitrova said, “High-growth digital assets businesses need reliable, scalable banking and payments partners to deliver a seamless user experience without incurring delays or prohibitive fees. Wirex is a trusted, established and growing player in the digital assets market. Our reliable platform, with 99.99% uptime, will support Wirex in its mission to make cryptocurrency more secure, accessible and available to everyone.”

Pavel Matveev, CEO and Co-Founder of Wirex, said. “At Wirex, we strive to bridge the gap between the traditional and digital economies, so it’s vital that our customers can easily make and receive payments via SEPA Instant and Faster Payments. OpenPayd’s tech stack is not only state of the art and easy to integrate, it’s also proven at scale – processing millions of transactions monthly.

“Named IBANs offer our customers an improved user experience and an even more personalised service. They also enable our teams to completely automate back office account reconciliation. OpenPayd is the perfect partner to facilitate the instant, accessible and secure payments our customers need.”

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