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London, UK, 30th August 2022 – MultiPass, a UK-based bank challenger specialising in multi-currency cross-border payments, partners with Moorwand, a payments solutions provider offering BIN sponsorship and issuing services, and payments processor Tribe Payments, to launch corporate payment cards.
Both virtual and physical cards can be ordered, activated, and fully managed by customers inside the MultiPass payment platform. This solution will further simplify the management of international finance for MultiPass customers, providing them with an additional convenient way to carry out online purchases: to pay for travel bookings, web services, business subscriptions, and to handle other daily expenses. The prepaid cards are available in GBP and EUR to companies registered in the UK, Ireland, the Czech Republic, Hungary and several other EU countries.
According to Konstantin Zaripov, Managing Director at MultiPass, the card launch has been in high demand. “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.”
Luc Gueriane, Chief Commercial Officer at Moorwand, says: “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.”
The technical processing infrastructure as well as 3D Secure and risk-monitoring capabilities for the card-issuing project are handled by Tribe Payments – a modular and future-ready payments technology provider. Certified to offer Visa, Mastercard, and UnionPay, Tribe provides a secure and scalable solution, enabling MultiPass to access a wide range of technical capabilities for innovation and growth.
Alex Reddish, Managing Director at Tribe Payments, says: “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.”
MultiPass (a trading name of Multipass Platforms Ltd) is a bank challenger founded in 2017 as part of the Dyninno Group. It provides smart and flexible financial solutions, including current accounts and global currency operations. The company offers a single account for multiple banking needs to cover all global business operations. Multipass Platforms Ltd provides financial solutions for international businesses trading globally and is registered by the FCA as an Authorised Electronic Money Institution (ref: 900840).
Dyninno is a group of companies providing products and services in the travel, finance, entertainment, and technology sectors in 50 markets. It was founded in 2004 in San Francisco. 3,500 professionals work in the company around the world. Its offices are located in the USA, UK, Colombia, Latvia, Moldova, Romania, Egypt, and the Philippines.