Leading UK-based fintech Paysend launches fee-free mobile money account with multi-currency wallet and new payment features

UK-based fintech Paysend has launched the Global Account, its international mobile money account. The Global Account aims to help consumers save up to £2bn in currency conversions when spending money abroad or on overseas websites.

Analysis from Paysend reveals that consumers could save up to £1.25bn in fees when spending abroad and up to £996m when buying from overseas websites every year, using a traditional bank card.*

PPS, formerly PrePay Solutions, and a subsidiary of Edenred, the everyday companion for people at work, is delighted to have been recognised three times at the Card and Payments Awards, the UK and Ireland’s leading industry awards. 

PSD2 technology platform and interface provider, Openitio, partners with identity and regulatory checking solution provider Konsentus to offer Financial Institutions a quick and easy way to comply with PSD2 MCI publishing requirements, and the imminent March 14 deadline in UK.

London headquartered Openitio delivers ready to install PSD2 interface technology as required under the PSD2 regulation. Their Modified Customer Interface (MCI) can be configured with no impact or dependency on existing systems and, set up in days.

VR Payment, the payment specialist of the Volksbanken Raiffeisenbanken Cooperative Financial Network, presents a world premiere at EuroShop: ‘payfree’ is a payment method that is fully integrated into the purchasing process and does not require stationary checkouts.

The ACI Financial Markets Association (ACI FMA) has today announced a partnership with Axiom Global Advisors (Axiom) to help Market Participants around the globe implement and adhere to the FX Global Code.

Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some customers to turn a profit.

The loss-making firm has burned through cash to fuel growth and launch in the United States, but has had no problems raising capital and is valued at over 2 billion pounds ($2.6 billion).

Launched in 2015, Monzo has attracted 3.8 million customers in Britain with its bright coral card and spend-tracking data.