• Wirex, a digital payments company, has become a global partner of Visa.
• The partnership allows Wirex to offer its crypto card services to customers in over 40 countries.
• Customers can use their cryptocurrencies to pay at 80 million locations where Visa is accepted worldwide and receive 8% cashback.
Wirex Becomes Global Partner of Visa
Wirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. With this move, qualified as a significant milestone by the company, Wirex will now be able to reach customers in new markets, targeting areas like APAC and the U.K.
Crypto Card Services Reach New Markets
The new partnership means that Wirex will be able to offer its crypto card services to APAC and U.K. markets. The company offers cryptocurrency-linked card services and with this partnership it will be able to reach customers in over 40 countries. This agreement builds on prior Wirex endeavors which became a principal member of Visa in Europe in 2020 and raised $15 million in its Series B funding round 2022.
Features for Crypto Payments
The objective of this partnership is to bring more cryptocurrency-linked payment means to more markets around the world, allowing digital natives to pay with crypto even at legacy merchants. Customers of Wirex cards can use their cryptocurrencies to pay at 80 million locations where Visa is accepted worldwide, receiving 8% cashback at the same time.
Uplifting Crypto Adoption
Matt Wood head of digital partnerships at Visa in the Asia Pacific region stated: “Visa wants to bring more payment options tp consumers by connecting digital currencies with our network of banks and merchants” He added that they are excited that Wirex is expanding their focus on Asia Pacific making it easy and seamless for people o spend their crypto balance at millions of merchants that accept Visa in the region.
Svyatoslav Garal regional managing director at Wirex APAC praised the role of Visa bringing crypto opportunities into more countries he stated: „It’s great o stregthen our partnership with visa who have played an important role in allowing us o bridge gap between traditional and digial economies.“