Payments company MuchBetter has joined forces with TrustPay to create new bank transfer solutions.
Under the agreement, MuchBetter will integrate TrustPay’s banking solutions with its electronic wallets.
Following the integration, users will be able to create individual, single-purpose IBANs within the MuchBetter ewallet.
This will facilitate both outbound and inbound payment flows to chosen beneficiaries, MuchBetter said in a statement.
MuchBetter co-founder Jens Bader said: “We are always looking out for new ways in which we can improve our user experience – this partnership allows us to do just that.
“By combining TrustPay’s innovative banking solutions with our agile e-money services, we are able to move money in a much smarter way, making transfers a lot easier for our customers across Europe.”
TrustPay CEO David Rintel said: “It is really exciting to be working with MuchBetter on the next generation of money transfers. The opportunity presented by e-money is clear for all to see, so we are happy to be part of the next phase of development.
“Thus far we have been really impressed by what MuchBetter has to offer and are thrilled to contribute to further innovation of their e-money services. I am sure the partnership will be beneficial for both companies and all of our customers.”
MuchBetter is an FCA-licensed e-money issuer operated by MIR Limited UK.
Available on Android and iOS, the payments application facilitates online, offline and contactless payments across the EMEA.