Crypto payments platform Wirex has partnered with Visa to directly issue its crypto-enabled debit and prepaid cards to over 40 countries. Wirex will also become a member of Visa in APAC and the UK.

The partnership will support further collaboration in major markets, including APAC, UK, Europe and the USA. Wirex said that it will continue working closely with Visa to expand its services and roll out its card programme worldwide.

Meanwhile, the membership enables Wirex to offer new innovative crypto products, improve user-experience and pilot new blockchain initiatives.

In 2015, Wirex had developed 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.

Wirex’s largest customer-base is in the UK with rapid growth in the APAC region, having been a finalist for the SFF Global Fintech Awards at the Singapore Fintech Festival in November last year.

In the coming weeks, Wirex will announce another significant partnership for card issuance in Australia.

Svyatoslav Garal

Svyatoslav Garal

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

Matt Wood

Matt Wood, Head of Digital Partnerships, Asia Pacific, Visa said,

“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.”

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Source: https://fintechnews.sg/69781/crypto/wirex-partners-visa-to-expand-crypto-card-offering-to-over-40-countries/