BankingFinTech

DeVere Group: Taps Moorwand to issue its multi-currency card Vault

  • Moorwand, a BIN sponsor and issuer that transforms compliance into an enabler of innovation
  • Announced that it selected by deVere Group to provide issuing services and BIN Sponsorship for Vault its multi-currency Mastercard
  • DeVere Vault one of the digital banking products offered by the deVere Group
  • Vault offers five wallets denominated in four currencies: EUR, GBP, USD, and CHF. Users can also store and exchange funds in an additional 22 currencies
  • The Vault app allows funds to moved by bank transfer and SWIFT as well as via instant Vault-to-Vault wallet transfers to other Vault users
  • Moorwand issue deVere’s multi-currency card to four different user groups existing Vault wallet users, deVere Group clients using its insurance
Previous article
Renergen: Confirms unexpected find in South Africa
Next article
Pleo: Tackles expense management with Pocket
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...
FinTech

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
FinTech

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...