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June 15, 2022

Digital assets platform WonderFi taps Banxa to bolster payment options

Digital assets platform WonderFi has struck a partnership with Web3 payments firm Banxa to extend local payment and banking option for its users around the globe.

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  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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The partnership, which builds on builds on Ethereum, Polygon, and Bitcoin blockchains, will focus on key markets such as the US, UK, Australia, Brazil, and European Union.

The move is expected to offer an enhanced payment experience for WonderFi users with minimised friction, fewer charges, and improved fraud protection. It will enable users to securely convert fiat currency to cryptocurrencies and vice versa.

In addition, Banxa’s solutions will offer higher conversion rates, enhanced compliance and risk management for WonderFi’s gateway platform across countless geographies.

Banxa CEO Holger Arians said: “We are thrilled to be partnering with WonderFi. Together, we are building the foundational infrastructure needed for the next generation of financial services.

“Banxa’s B2B services provide a seamless experience for our partners to offer their customers local payment methods in a safe, compliant way.”

WonderFi joins Banxa’s expanding network of marquee partners, which includes the likes of Binance, KuCoin, OKX, and Huobi among others.

Commenting on the partnership, WonderFi CEO Ben Samaroo said: “Thanks to our partnership with Banxa, WonderFi’s users can safely purchase crypto through the widest range of payment methods available.

“This added flexibility is another step in our mission to bring fair, efficient, and accessible finance to the masses.”

This week, Singapore-based fiat-crypto payment provider Alchemy Pay teamed up with Forter, a Trust Platform for digital commerce, to scale up its payment approval rates, and chargeback guarantees.

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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