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September 23, 2020

Currencycloud, Tribe Payments collaborate to offer new solution to fintechs

UK-based global payments platform Currencycloud has joined forces with tech company Tribe Payments to offer new banking-as-a-service (BaaS) solution to fintechs and banks.

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  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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The partnership will deliver transparency in foreign exchange (FX) costs charged on card transactions.

The companies will also provide customers with access to multi-currency wallets.

Tribe Payments partners, which include fintechs and digital banks, will now have access to real-time, wholesale FX rates.

This integration on FX payments will be available in the fourth quarter of this year.

Tribe Payments chief commercial officer Alex Reddish said: “At Tribe Payments, we are on a mission to make payment processing simple and secure while letting our partners scale quickly.

“So, this partnership with Currencycloud is perfect as it gives increased scalability to our partners, ensuring they are growing their competitive advantage. We are really looking forward to growing this partnership to mitigate our customer’s pain points.”

Moreover, by leveraging Currencycloud Spark, Tribe Payments plans to roll out unique named virtual accounts in 35 currencies, to receive, store funds, and make payments anywhere overseas.

Currencycloud co-founder and head of strategic partnerships Stephen Lemon said: “Our partnership with Tribe payments is really helping digital banks and fintechs gain access to a wholesale, quick, and easy solution to enhance their customer experience.”

Currencycloud in 2020

Earlier this month, Canadian payments company Dunbridge Financial partnered with Currencycloud to support international payments.

Last month, UK-based payments solutions provider Contis collaborated with Currencycloud to offer global remittances.

In July this year, Currencycloud secured its e-money licence in the Netherlands.

This January, Currencycloud raised $80m from global heavyweights to fuel growth.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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