LONDON – Wirex, a leading digital payments platform, revealed today a variety of features for new and existing customers in the UK. Following constructive dialogue with UK regulators, the Financial Conduct Authority, the company has announced that they will be resuming services in the UK.
Founded with the goal to help users make the most out of their money, Wirex is an innovative payments platform that gives customers the ability to buy, hold, exchange and sell multiple different currencies from a centralised, intuitive app. With over 5 million customers worldwide, Wirex is now set to bring a variety of upgraded and innovative products to the UK market.
New UK users will now be able to order Wirex’s Mastercard debit card, which allows holders to seamlessly spend a variety of currencies at over 81 million locations worldwide. Additionally, all UK users will now have access to increased daily top-up and spending limits, exclusive OTC exchange rates, and zero fees on FX and transfers to contacts.
Pavel Matveev, CEO and Co-Founder of Wirex expressed his support for the decision. “As we work towards financial inclusion, it’s vital to collaborate with industry regulators to ensure security and transparency for all users. We’re grateful to have worked alongside the FCA as we proactively contribute towards building a stable and innovative environment for fintech companies operating in the UK. We’re delighted that users will not only have access to Wirex’s arsenal of industry-leading products, but also the knowledge that we’re operating with the best practices for our users and that we’re leading by example in the fintech sector.”
In the coming weeks, the company plans to add to their UK product offering by launching Faster Payments in the Wirex app as well as expanding account functionalities for GBP holders with the integration of account numbers and sort codes.