UK challenger bank, MultiPass, has enhanced its focus on multi-currency cross-border payments through a new partnership with Moorwand and payments processor Tribe Payments.
In collaboration with the two specialist firms, the group will offer BIN sponsorship and issuing services to launch corporate payment cards.
Konstantin Zaripov, Managing Director at MultiPass, commented: “We acknowledged the need communicated by our customers, and we are happy to deliver. Combined with our multi-currency accounts, the corporate card solution we created with Moorwand and Tribe will provide even greater payment flexibility to companies with cross-border business activity.
“We are now a step closer to becoming a one-stop shop for all international business banking needs.”
This collaborative effort means that both virtual and physical cards can be ordered, activated, and fully managed by customers inside the MultiPass payment platform.
Luc Gueriane, Chief Commercial Officer at Moorwand, added: “MultiPass has shown impressive growth over the past year, having processed over €800 million worth of transactions. This only shows the necessity of the service.
“We are happy the company has chosen us to reinforce their multi-currency payment product and I am certain this development will allow their customers for a better, faster and more convenient transfer service.”
Also commenting on the partnerships, Alex Reddish, Managing Director at Tribe Payments, expressed: “We’re excited to play a key part in enabling MultiPass to offer additional value to its business customers.
“The cross-border business banking space is an essential and exciting area of fintech – we’re proud to help MultiPass bring these new services to market quickly in response to customer demand.”
