Multi-currency IBANs and cross-border payments for Intergiro
Press Release: ONPEX enables Intergiro to offer simple, transparent and automated multi-currency cross-border payments.
Luxembourg. 28th October 2019: ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with online business account provider, Intergiro. Regulated in Sweden as an eMoney institution (EMI), Intergiro is now fully equipped to provide its international customers with access to easy-to-manage, online multi-currency payments.
Launched this year, Intergiro provides its customers with corporate accounts. These are typically difficult to set up with traditional banks and established digital players. Before joining forces with ONPEX, Intergiro’s customers had access to standard IBAN accounts with European SEPA payments. Despite this, the growing demand to transfer and receive money in multiple currencies was not yet fulfilled for the EMI’s customers. Intergiro turned to specialist provider ONPEX to solve this issue.
From now on, the Swedish eMoney institution will be making use of ONPEX’ flexible Payment-as-a-Service (PaaS) platform to build its own financial services using API-technology. Using these open APIs, Intergiro can pick from a range of payments and banking* features in order to tailor their services exactly to their customers’ needs. This will help the EMI in future to optimise their product offering with a more customer-oriented approach.
Now, Intergiro’s customers will be able to transact across borders in a number of currencies, initially offering Great British Pounds (GBP), Swedish Krona (SEK), Norwegian Krone (NOK), and Danish Krone (DKK) – with the option to add up to 25 different currencies.
Christoph Tutsch, CEO at ONPEX, explained: “We recognise the importance of APIs when building a digital financial offering. Our Payment-as-a-Service platform will enable Intergiro to improve its value proposition for existing customers, while supporting even more customers with their international payment capabilities.”
Prior to the partnership, Intergiro did not have access to the SWIFT payment network. As a trusted and established player, ONPEX was able to provide this connectivity, allowing Intergiro to offer SWIFT payments to its customers.
Nick Root, CEO at Intergiro, added: “We’re on a mission to provide the financial toolkit that businesses need to thrive in the digital era, and ONPEX has been crucial in helping us on this journey. Access to the SWIFT payment network and ONPEX’ multi-currency IBANs helps us to better serve our existing customers and grow our customer base throughout Europe and across the globe.”
Going forward, Intergiro will continue to benefit from ONPEX’ services as it expands its product offering for its digital-savvy customers and looks to grow its name and its international customer base.
To learn more about ONPEX’ solutions, visit: https://onpex.com/
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Notes to Editors
Intergiro is on a mission to provide the financial toolkit for companies to thrive in the digital age. Launched in 2019, Intergiro is an online business bank account for the 2.5 million new companies born every year in the EU. For more information, visit intergiro.com.
ONPEX is a global provider of modular payment and transaction banking solutions. The Luxembourg-regulated Payment Institution combines multi-currency IBAN accounts, FX, global transfers, and ePayments into one easy-to-use cloud-based platform. All ONPEX’ services are available via API and web UI with optional white-label capability, enabling digital businesses to offer their own financial services to drive their customers’ success.
Benefiting from ONPEX’ infrastructure, financial institutions, as well as non-regulated businesses expand and simplify their financial services with tailored payment processing and transaction banking. The ONPEX solution is an in-house developed platform and serves to address the needs of digital businesses offering maximum flexibility while ensuring PSD2. The state-of-the-art platform can be configured for almost any use case involving global and local transfers of currencies.
Founded in 2013, ONPEX persistently strives to add simplicity, transparency, and automation to the transaction banking and payments industry. ONPEX’ team is over 45 strong with staff based in Luxembourg and Munich.
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