UK-based regulated eMoney institution AltPay has joined forces with ONPEX to expand its service portfolio.
The collaboration will enable AltPay to offer its customers cross-border SWIFT and European SEPA payments, noted ONPEX. AltPay customers can also access multi-currency IBAN account issuing and carry out transactions in up to 25 currencies across the world.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The company will leverage ONPEX’s API-driven modular platform to integrate the new offerings into its portfolio.
AltPay founder and CEO Artjoms Dozorcevs said: “With its efficient and easy-to-use universal solution, it will be helping us achieve a sustainable organic growth rate, while increasing the quality of the services we provide to our customers.
“Its solutions are cost-efficient and convenient, enabling our customers to trade across the globe, whether it’s within the EEA, Asia, or the USA.”
ONPEX CEO Christoph Tutsch said: “The partnership has been mutually beneficial. We are confident we can help the company reach its growth plans. So far, the integration phase is going smoothly.
“We aim to generate a higher customer flow for AltPay when ONPEX’ solutions are available to its customer base.”
Based in Luxembourg, ONPEX offers modular payment and banking solutions. It integrates multi-currency IBAN accounts, FX, global transfers, and ePayments into one cloud-based platform.
Last year, Lithuanian e-money firm SatchelPay tapped ONPEX to offer cross-border payment services.
