Wirex chooses OpenPayd to launch embedded accounts across UK and EEA

Region: Europe
May 14, 2024, 9:12:06 AM Published By Wirex Team

We’re excited to announce that Wirex has partnered with OpenPayd to bring you even better, faster, and more secure payment options! Through this collaboration, Wirex customers across the UK and the European Economic Area (EEA) will now have access to named virtual IBANs, making your payment experience more seamless than ever.

What's New?

With this new feature, Wirex users can enjoy:

  • Faster Payments: Instantly transfer money within the UK using the Faster Payments network.
  • SEPA Instant Payments: Effortlessly send and receive Euro-denominated payments across the EEA, available 24/7, all year round.

How Does It Work?

Thanks to OpenPayd’s cutting-edge technology, integrating these features into Wirex’s platform is straightforward. You’ll receive a unique, named IBAN, allowing smooth transfers between your Wirex account and traditional bank accounts. The entire process is automated and occurs in real-time, ensuring you have access to your funds when you need them.

Why This Matters

Our goal at Wirex is to bridge the gap between traditional and digital economies, making cryptocurrency more accessible to everyone. With OpenPayd's reliable infrastructure (boasting a 99.99% uptime!), we can ensure that you experience no delays or hefty fees. This partnership supports our mission to provide you with top-notch, secure payment solutions.

Hear from Our Leaders

Pavel Matveev, our CEO and Co-Founder, explains, “Named IBANs enhance the user experience and offer a personalized service. This upgrade means you can easily make and receive payments, which is essential in today’s fast-paced digital economy. OpenPayd’s state-of-the-art tech stack handles millions of transactions monthly, making them the perfect partner for Wirex.”

What’s Next?

Stay tuned as we roll out these new features and continue to enhance your Wirex experience. We’re committed to making your journey in the digital economy as smooth as possible.