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May 20, 2020

TWIGA Wallet selects Moorwand for issuing, acquiring and sponsorship

By Evie Rusman

TWIGA Wallet has selected Moorwand for issuing, acquiring and BIN Sponsorship services ahead of the launch of TWIGA Card.

The TWIGA card is the companion to the TWIGA Wallet and will be available to customers across Europe as a debit or full IBAN account.

Mrios Koutoumanis, COO at TWIGA Wallet, said: “TWIGA Wallet is an ambitious brand looking to achieve rapid growth by constantly evolving its product suite and expanding into new markets. We needed a partner that shared our vision, was highly collaborative, and had the expertise to deliver compliance at the speed of innovation.

“Moorwand has helped us to meet our ambitions. With the launch of the TWIGA Card on the horizon, the company will be integral to our next phase growth.”

TWIGA Wallet launched in March 2020 and is aimed at millennial users. It includes features including pay-by-email, and P2P payment between users.

In addition, customer support is available 24/7 via the live chat option within the app an web portal.

Koutoumanis added: “Today’s consumer – especially millennials – want a 100% digital wallet that is intuitive, easy to use and flexible. They don’t want an analogue onboarding process with difficult to understand small print to get an out-of-the-box product.

“With the TWIGA Card we can now open up a universe of payment services for our new and existing customers.”

The TWIGA Card

Through the TWIGA card, IBAN account customers can make SEPA transfers within the European Economic Area.  TWIGA Wallet will also use Moorwand’s merchant acquiring services to allow users to add funds to their account with a variety of payment methods.

Furthermore, Moorwand will act as a BIN Sponsor, connecting TWIGA Wallet to a number of payment schemes.

Luc Gueriane, CCO at Moorwand, said: “As an innovative fintech, we want to work with other fintech innovators that are looking to create fresh and different payment propositions to meet the emerging needs of new consumer demographics.

“The combination of TWIGA Wallet and TWIGA Card offers a level of customisation, flexibility and ease of use rarely seen. We have been able to rapidly orchestrate an agile and dynamic programme that reduces payment friction whilst ensuring compliance. And we cannot wait for the dual offering to make its market debut.”

 

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