Friday, November 22, 2024
5.5 C
New York

Moneybase partners Compass Plus Technologies for new app and cards

Malta’s Moneybase, a fintech subsidiary of Calamatta Cuschieri Finance Group, has partnered with Compass Plus Technologies to launch its new digital payments app and card issuing platform.

Moneybase taps Compass Plus Technologies for new app

Moneybase says it selected Compass Plus Technologies’ TranzAxis platform due to its ability to provide “end-to-end support” for its card issuing and processing services, as well as integration with Mastercard.

The firm claims its new offering is designed to “make money simple” – removing the need for customers to visit branches or do paperwork by opening an account “within minutes”.

Through its app, users can send and receive instant P2P payments, receive a personal IBAN for cross-border transfers across the European Union and invest in stocks, ETFs, bonds and funds.

The Moneybase card is offered as both a physical or a virtual card that can be generated instantly, throughout Europe. Users can have “full control” of their cards through the app – allowing them to manage security settings for online or physical card transactions.

Alan Cuschieri, co-CEO at Calamatta Cuschieri and founder of Moneybase, says the TransAxis platform “provides the necessary flexibility required by a fintech such as ourselves and we plan to continue to build on this platform for future projects”.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost

Workforce Reductions: TrueLayer, an open banking payments company...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img