View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 9, 2021

Sokin launches new payment platform for large enterprises

By Shalini mani

UK-based Sokin has launched a new cross-border payments platform for large organisations and corporates.

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.

Dubbed Sokin Enterprise, the new platform enables organisations to make limitless immediate payments and foreign exchange transfers for a fixed charge.

The platform is set to for an official rollout later this month across UK and Europe, with Canada and other markets set to follow later this year.

Sokin said it is currently onboarding its first tranche of business customers, including Fulham Football Club and several large clients on to the platform.

Sokin CEO Vroon Modgill said: “With Sokin Enterprise one flat fee covers everything that a corporation needs to do in terms of payments and FX, we’re focused on creating an Embedded Finance platform that connects businesses and consumers seamlessly.”

Meanwhile, Sokin is also developing on additional B2B products for sole traders and SMEs.

The company said it will start offering unlimited international money transfers and payments with no mark-up on transactions starting this June.

It is also gearing up to launch an Embedded Finance platform in its peer-to-peer mobile app.

Founded by Vroon Modgill in 2019, Sokin has 10 offices globally. Football icon Rio Ferdinand is said to be a lead investor in the firm.

In November last year, Sokin forged a partnership with Mastercard to offer its fixed-price subscription-based payment service in Europe.

Last October, Sokin decided to join forces with Transact Payments to roll-out its fixed-price subscription-based payments service in the UK and Europe.

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International