British payment firm Sokin has decided to join forces with Transact Payments to roll-out its fixed-price subscription-based payments service in the UK and Europe.
Transact Payments will be responsible to offer European BIN sponsorship and modular payment, debit and prepaid services as part of the Sokin global service.
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The London-headquartered payment firm, through its numerous partners, offers currency exchange in 150 countries with Sokin wallets and cards in 200 countries.
Sokin, which offers international money transfers and payments service through a single monthly fee, covers 35 different currencies.
Sokin CEO Vroon Modgill said: “TPL understands that the world of payments is changing, and consumers want simple, secure and value for money options. This makes TPL the perfect partner for Sokin as we launch our payment services across the UK and Europe.
“The support and expertise they bring will be essential as we offer a transparent, low cost, way of making international transfers.”
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By GlobalDataNoel Smith at TPL added: “We are extremely pleased to be partnering with Sokin. The combination of TPL’s experience and Sokin’s innovative approach, will mean this is a partnership that will pay off for both businesses and consumers, by offering a fixed and low-cost international money transfer service.”
