• Wirex has announced a long-term service agreement with Visa, making them a global partner.
• This will allow Wirex to expand its crypto card services to more countries around the world including the UK and APAC markets.
• Customers of Wirex can use their cryptocurrency assets to make payments at about 80 million locations where Visa is accepted around the world.
Wirex, a London-based digital payment company, has announced that it has reached a long-term service agreement with Visa. This move is an important milestone for Wirex because it will allow them to reach customers in more than 40 countries around the world through their crypto card services. The core objective of this partnership is to introduce more crypto-linked payment methods for more markets worldwide.
The agreement allows Wirex to expand its crypto card services to more countries around the world, including UK and APAC markets. Mat Wood, the head of digital partnerships at Visa in the Asia Pacific region said: “We’re excited that Wirex is expanding their focus on Asia Pacific, making it easy and seamless for people to spend their crypto balance at the millions of merchants that accept Visa in the region.“
Wirex customers will be able to use their cryptocurrency assets to make payments at about 80 million locations where Visa is accepted around the world. Not only that but they will also receive 8% cashback instantly when they make such payments through this partnership with Visa.
In 2022, Wirex raised $15 million in its Series B funding round which was led by SBI Group and others who are part of Japan’s financial sector as well as other strategic investors from Europe and Asia Pacific regions.
After signing this global partnership agreement with Visa, WireX now has its eyes set on finalizing another card partnership related to Australia within the next coming weeks which shows how serious they are about expanding their services further into new international markets.