ONPEX and Settle Go Bring Multi-Currency IBANs to the European Market
Luxembourg, 1st April 2019 – ONPEX, a leading provider of multi-currency IBAN accounts has partnered with international eMoney institution, Settle Go. The partnership will see ONPEX support Settle Go’s platform with its Banking-as-a-Service (BaaS) software, integrating new solutions to complement their existing portfolio of financial services. As a result, the UK based eMoney institution will now be able to offer a greater choice of fast, transparent and secure international payments to the European market.
Founded in 2015, Settle Go enables SMBs to trade and pay internationally, as if they were trading locally. Its efficient and simple payment services provide customers with access to low-cost foreign exchange (FX) facilities and international and domestic transfers. With the use of ONPEX’s services, Settle Go will expand its offering in the European market.
By integrating ONPEX’ API-based solutions into its platform, Settle Go will now attach multi-currency IBANs to all of its customers’ payment accounts. This enables them to make low-cost in-account and in-transfer FX in 25 different currencies. The partnership also means Settle Go customers have access to local SEPA and cross-border SWIFT payments. With these facilities, the eMoney institution will be able to offer European customers transparent, automated and simple cross-border payment and banking solutions. During the integration period Settle Go will also be making use of ONPEX’ front-end Admin UI – which allows SettleGo to manage their clients with an enhanced customer experience via an user-friendly interface.
Talking about the partnership, Christoph Tutsch, CEO at ONPEX explained: “The partnership will enable Settle Go to upgrade its multi-currency IBAN infrastructure while ONPEX handles processes in the back-end, with its Banking-as-a-Service platform. Settle Go can fully concentrate on developing its seamless customer experience and bring it to the European market, as ONPEX ensures all services meet all compliance requirements in this market.”
Alistair Cotton, Director at Settle Go added, “When we first met ONPEX, we were impressed by the breadth of their banking offering, multi-currency IBANs in 25 currencies, and the quality of their technology. ONPEX’ platform is smart and intuitive, and their flexible APIs offer comprehensive and simple access to their banking and payments services.”
Alistair Cotton continued, “The speed of the onboarding process, and help from the team, has really allowed us to begin our expansion plans swiftly and efficiently. The ONPEX team quickly understood our objectives and made sure that their provided services align with the interest of our business. ONPEX has enabled us to expand on our offering of easy-to-use and cost-efficient financial services. We very much look forward to providing our customers with additional cross-border payment options via the partnership and benefits from ONPEX’ exciting roadmap of new currencies, banking services, and geographic territories.”
With this new partnership with ONPEX, Settle Go is focused on expediting growth in the European market and providing a new range of innovative solutions to its customers.
To find out more about ONPEX’ API-driven solutions, visit www.onpex.com
Notes to Editor
ONPEX is a global provider of modular payment and banking solutions. The Luxembourg-regulated Payment Institution combines multi-currency IBAN accounts, FX, global transfers, and ePayments into one easy-to-use cloud-based platform. All ONPEX’ services are available via API and web UI with optional white-label capability, enabling digital businesses to offer their own financial services to drive their customers’ success.
Benefiting from ONPEX’ infrastructure, financial institutions, as well as non-regulated businesses expand and simplify their financial services with tailored payment processing and banking. The ONPEX solution is an in-house developed platform and serves to address the needs of digital businesses offering maximum flexibility while ensuring PSD2 and PCI-DSS compliance. The state-of-the-art platform can be configured for almost any use case involving global and local transfers of currencies.
Founded in 2013, ONPEX persistently strives to add simplicity, transparency, and automation to the banking and payments industry. ONPEX’ team is over 40 strong with staff serving entities in Luxembourg, Munich and Hong Kong.
Settle Go, was founded in 2015 and is a payments platform that enables fast, flexible and secure international payments. It offers SME businesses a simple and cost-effective way to trade and pay internationally. The virtual IBANs place businesses in-market and allows them to trade like a local business. Customers of Settle Go can take advantage of virtual IBANs in 25 currencies, low-cost FX, international and local transfers and a secure API.
Based in London and regulated by the FCA, Settle Go is part of the OpenPayd group whose mission is to unlock banking for underserved businesses.
To learn more please visit www.settlego.com
Maximilian P. Nenning
Senior Account Executive
+44 (0)330 043 1315