Sunrate inks deal with Moorwand for card issuing services
- 14.11.2019 12:09 pm
Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, today announced that it is providing BIN sponsorship and card issuing services to Sunrate Partners Limited, a world-class foreign exchange and global payments provider.
Moorwand is providing Sunrate with a card programme which launched today. In addition, Moorwand is also acting as a BIN Sponsor, providing Sunrate with access to the Mastercard scheme for card processing, along with legal and regulatory guidance to achieve compliance in the best time possible.
While Moorwand has been involved in a number of issuing migrations, Sunrate is the first card programme it has implemented from conception to launch. The company is seeing strong growth from businesses looking to develop new card and wallet programmes, as well retailers following the debut of its European acquiring service for online merchants.
“We are very pleased to partner up with Moorwand,” said Paul Meng, Co-Founder at Sunrate Solutions Limited. “Together with Sunrate's well established client base, we expect to see great growth post product launch which will take both Sunrate and Moowand's global footprint to a whole new level."
“Moorwand’s legal and technical expertise makes it uniquely placed to identify developments before they appear, understand the impact of regulations before they are enforced, and anticipate the next waves of innovation before they break,” said Robert Courtneidge CEO of Moorwand. “This means that Moorwand can help fintechs like Sunrate rapidly orchestrate best-in-class payment propositions designed to capitalise on emergent market changes, whilst ensuring compliance. We expect the service to grow rapidly into a truly world-beating programme.”
“As our first end-to-end issuing customer, launching a card programme for Sunrate is major milestone for Moorwand as we continue our mission to help our clients turn compliance into competitive advantage.”