Wirex, a payments and crypto service, has added SEPA (Single Euro Payments Area) Instant and Faster Payments for UK and EEA customers to transfer British Pounds and Euros between their Wirex and bank accounts.
Wirex has partnered with digital payment infrastructure provider, Modulr, to introduce the deposit and withdrawal methods, SEPA and Faster Payments, to their UK and EEA users. Wirex notes that users may transfer either fiat or crypto from its app.
Every user activating a Euro wallet within the Wirex app can access a unique IBAN and BIC for transferring from their bank account to Wirex, as well as send Euros to compatible bank accounts.
Faster Payments allow UK users to instantly send and receive GBP to/from their Wirex and bank accounts.
Pavel Matveev, Wirex CEO and co-Founder, commented:
“Offering additional choice and flexibility with the introduction of new top-up and withdrawal methods puts our Wirex users in charge of their money. The UK and EEA regions make up the majority of our customer-base, and with SEPA and Faster Payments being widely used, we know that this change will have a huge impact on them.”
Wirex noted that in the coming weeks it will roll out Plaid, a leading open banking provider.
Wirex is based in London, with offices in Singapore, Kyiv, Dallas, Dublin and Atlanta. Wirex reports over $5 billion worth of transactions processed since inception.