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Payments Innovator Wirex Introduces First Phase of Revolutionary Product Overhaul and Mastercard Launch

Banking CIO Outlook | Monday, September 21, 2020

The new Wirex card is already being regarded as a potential competition-killer with the potential to set a new standard in the FinTech and crypto payments space.

FREMONT, CA: Next-gen payments company Wirex gave a warning sign at competing platforms with the launch of a comprehensive product overhaul and new card. The service kicks off with the release of exciting features, including free foreign exchange and five new currencies. The company also declared the upcoming launch of its hotly-anticipatedWirex Mastercard card, along with an upgraded rewards program.

The first of a three-phase, revolutionary product update was recently made accessible to Wirex users in the European Economic Area (EEA), in line with close collaboration with payment solution company LHV. A range of features are now live, including five new currencies (HRK, RON, CZK, PLN, and HUF), free multicurrency individual IBANs, free SEPA multicurrency transfers, and SEPA instant for EUR transfers, while foreign exchange fees or currency conversion fees when topping-up with a local currency card have been removed.

Wirex also declared the upcoming release of its new multicurrency Wirex Card, supported by Mastercard.

The new Wirex card is already being regarded as a potential competition-killer with the potential to set a new standard in the fintech and crypto payments space. Linked to 19 secure crypto and traditional currency accounts in the Wirex app, it enables cardholders to seamlessly spend multiple fiat and cryptocurrencies in day-to-day life without exchanging or offboarding. The company believes that these groundbreaking features, combined with sky-high limits and next-to-no fees, give the new Wirex Mastercard a significant advantage over its competitors.

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