, which recently added a consumer-targeted to its business-to-business services, has selected to issue a cross-border debit card for consumers.

Wirecard piloted London-based TransferWise’s cards with a limited rollout to 1,000 TransferWise in January of this year and plans to the cards out broadly later this year, according to a Monday press release.

The “borderless” account offers multi-country banking to consumers, a service previously available only to businesses, TransferWise said in the release.

“Our mission is to make money move without borders, and the borderless debit is a vital step in bringing that mission to a wider audience,” said Jeremy Buttner, TransferWise’s lead for borderless banking, in the release.

Added Tom Jennings, Wirecard’s managing director: “TransferWise was looking to extend their borderless account by adding a multi-currency debit card and this will allow customers access without any hidden charges.”

Source link


Please enter your comment!
Please enter your name here