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October 26, 2020

Sokin banks on Transact Payments to launch services in UK and Europe

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.

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Transact Payments will be responsible to offer European BIN sponsorship and modular payment, debit and prepaid services as part of the Sokin global service.

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.”

Noel 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.”

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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