- Wirex and Visa have signed a long-term strategic global partnership
- Wirex have become a member of Visa in APAC and the UK to issue cards directly
- The news will help Wirex's growth in the APAC region
We’re excited to announce that we’ve signed a long-term strategic global partnership with payments company network, Visa. It’s another big milestone for us, and will be important in our growth worldwide, particularly in the APAC region.
What does the agreement include?
The agreement between Wirex and Visa includes becoming a member of Visa in APAC and the UK that will allow us to directly issue crypto-enabled debit and prepaid cards ourselves to over 40 countries.
It will also support further collaboration in major markets, including APAC, UK, Europe and the USA, by enabling Wirex to offer new innovative products to utilise crypto in the everyday, improve user-experience and pilot new blockchain initiatives.
It’s great news for new and existing customers, given that our largest customer-base is in the UK and we’ve seen rapid growth in APAC, and we hope that the partnership will continue helping us to empower everyone to access the benefits of crypto.
Wirex & Visa’s History
In case you didn’t know, Wirex and Visa have worked together for some time now. In 2015, we became the first company in the world to develop a crypto-enabled card, allowing users to buy, hold, exchange, sell multiple traditional and cryptocurrencies, and spend them at over 80 million locations where Visa is accepted. We also secured principal membership with Visa in Europe at the end of 2020.
What do our stakeholders have to say?
Svyatoslav Garal, Regional Managing Director of Wirex APAC, said “It’s great to strengthen our partnership with Visa, who have played an important role in allowing us to bridge the gap between the traditional and digital economies. Visa’s proven commitment to safety, security and innovation will help us to continue developing a next-generation app and card.”
Matt Wood, Head of Digital Partnerships, Asia Pacific, Visa, commented: “Visa wants to bring more payment options to consumers by connecting digital currencies with our network of banks and merchants. We’re excited that Wirex is expanding their focus on Asia Pacific, making it easy and seamless for people to spend their crypto balance at the millions of merchants that accept Visa in the region.”
We'll continue working closely with Visa to expand our services and roll out this card program worldwide. And keep your eyes peeled, as in the coming weeks, we’ll be announcing another significant partnership for card issuance in Australia!