Virgin Money has partnered-up with World First in a push to “positively disrupt the international payments industry. Virgin Money has positioned itself as the anti-bank. It presently provides savings, mortgages, credit cards, current accounts, pensions, investment and protection products using the philosophy of offering good value for customers and a positive contribution to society. The new service is powered by World First to allow Virgin Money to offer International Money Transfer (IMT)
Alex Sullivan, Chief Commercial Officer at World First called the announcement another “feather in the cap for alternative providers of international money transfers”. “We’re delighted to partner with Virgin Money to ensure even more consumers can now access our services,” stated Sullivan.
“The partnership epitomises the power of the FinTech sector and is a clear demonstration of the ability of businesses like World First to positively disrupt traditional markets both directly and through partnering with leading brands to drive competition and support new entrants,” said Sullivan. “We’re delighted that Virgin Money recognised our simple, safe and secure proposition as the best match for their customers and we look forward to completing more strategic initiatives like this as we continue our strong growth.”
World First proudly states it was started in a South London basement in 2004. Today it employs more than 350 people globally having exchanged over £26 billion.