ONPEX Opens Up More Banking Channels for BIN Sponsor Moorwand
Luxembourg, 25th June 2019 – ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with the international payments company and BIN sponsor, Moorwand, to expand its banking capabilities through next-generation IBAN solutions.
Through this collaboration, Moorwand is meeting increasing demand from clients for additional banking* solutions as part of its programme offerings, and continuing to scale the capabilities of its business integrating with ONPEX’ cloud-based local and cross-border payments and banking* platform. Moorwand’s existing client base of banks, eMoney Institutions (EMIs) and Authorised Payment Institutions (APIs) can now attach more value-added services to their payment programmes.
Moorwand has adopted ONPEX’ state of the art Banking*-as-a-Service (Baas) software to make physical and virtual cards bankable. This means, clients can now – besides executing card payments worldwide – send and receive wire transfers globally. The partnership with ONPEX is also allowing Moorwand to extend its eWallet functionality with IBAN capabilities making international payments, including SEPA and SWIFT, seamless.
Speaking of the successful service launch, Robert Courtneidge, CEO at Moorwand, commented: “We required a solution that could issue multi-currency IBAN accounts in our name and that of our clients. We partnered with ONPEX as its platform is easy to manage and has strong controls and parameters that provides our clients with a simple, value-added service. Additionally, we pride ourselves on bringing innovative programmes to market quickly and efficiently, and therefore needed a partner that could meet our requirements and offer greater choice for banks and programme managers.”
Christoph Tutsch, CEO at ONPEX, added: “Moorwand was seeking to work with a partner who has the same mindset of creating and delivering simple, compliant and cost-efficient payment and banking* solutions. Our flexible BaaS platform allows Moorwand to provide more innovative solutions for clients within the regulatory modelling of payment programmes.”
As a result of this success, Moorwand and ONPEX are in talks for further service innovation in the next year to continue offering a greater choice for banks and programme managers.
To find out more about ONPEX’ multi-currency IBAN capabilities, 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.
*ONPEX S.A. is an authorized Payment Institution supervised by the CSSF in Luxembourg.
Moorwand Ltd. is and international business that provides payment services to merchants and customers in the EEA. It is licensed by the Financial Conduct Authority of the United Kingdom (license #900709) as a regulated Electronic Money Institute to issue eMoney and provide payment services throughout the EEA. It is a principal member of Mastercard, Visa, UnionPay, and JCB as an issuer of payment cards and an acquirer of payment transactions.
Maximilian P. Nenning
+44 (0)330 043 1315
Moorwand Media Contact
Blue Train Marketing