- Wirex has teamed up with Novatti to directly issue multicurrency cards to Australians
- It will provide users with higher spend limits, instant rewards, affordable top-ups, and more
- Learn how this collaboration bridges the gap between traditional and digital economies
We've partnered with card issuer, Novatti, to directly issue cards to Australians. The announcement has the potential to allow over 20 million people to utilise our innovative multicurrency card every day.
What does the partnership include?
The collaboration with Novatti will now enable us to issue cards directly to users in Australia.
We were the first company in the world to develop the world’s first crypto-enabled debit card. Over 5 million customers worldwide can already buy, hold, exchange and sell over 12 traditional and 130 cryptocurrencies, spendable at 80 million locations using Wirex’s Visa debit card. This includes the TAUD (True AUD) stablecoin, recently listed on the Wirex app as part of our largest release of tokens in one go.
Customers in Australia will benefit from higher card spend limits, ability to earn up to 8% instant rewards, with no FX or maintenance fees, international ATM withdrawals* and fiat-to-fiat exchanges, affordable top-ups, and access to merchant exclusive deals. All users will be required to have full KYC checks with transactions and processes meeting stringent AML requirements.
Why are we looking to grow in Australia?
Following considerable success across the UK and EEA, Wirex launched in APAC in 2019, which has since become our fastest growing region. With one of the highest levels of crypto adoption in the world, Australia has become an important market for us as we look to utilise Novatti to bridge the gap between the traditional and digital economies.
The news today follows the latest announcement about our Visa strategic partnership which will give us the ability to offer new innovative products, improve user experience, and pilot new blockchain initiatives.
What does the team think about it?
Svyatoslav Garal, Managing Director of APAC at Wirex, commented: “As we grow our operations in Australia, we've strategically chosen to partner with a trusted Australian headquartered company, Novatti, to issue cards. Being able to expand our product offerings will enable more users to continue taking advantage of the benefits of forward-thinking payments.”
Mark Healy, Executive General Manager Payments at Novatti, said, "Working with a leading payments provider like Wirex showcases Novatti's expertise in card issuing and provides opportunities to co-create innovative solutions together. With interest in alternative payments on the rise in Australia, we are excited to partner with Wirex to make their ambitions a reality."
* withdraw up to AU$400 a month for free, 2% fee thereafter
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