Wirex enhances efficiency with SEPA Payments 


Looking to increase the ease at which consumers process account withdrawals, Wirex has confirmed the addition of SEPA Instant and Faster Payments to its portfolio

The step enables customers to transfer British Pounds and Euros in a more efficient way, as well as utilising debit/credit card top-up methods already available.

Pavel Matveev, CEO and Co-Founder, said: “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.”

SEPA continues to be a popular method for bank transfers and will look to provide an easy on/off-ramp for UK and EEA Wirex users to move EUR directly between Wirex and their bank account.

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. 

In the coming weeks, Wirex will roll out Plaid, an additional, well-known top-up and withdrawal method across the UK, EEA and US regions.

As part of an interview with Payment Expert, Matveev recently emphasised: “Our core mission is to empower everyone to access the benefits of crypto, and making it simple and easy-to-use is a vital part of that. We believe this wallet is a world-first in making that a mainstream reality. 

“We want to give crypto users access, flexibility and control over their holdings without worrying if their funds are safe, losing their private key, high gas fees or the need to spread their tokens across different apps and platforms.

“The Wirex Wallet has already proven popular with hardcore crypto fans as well as mainstream users thanks to its intuitive UX and market-leading security features and technology.”