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- Wirex’s in-app services promise a greater level of transparency by enabling cardholders to view precisely where their transactions occur.
- Wirex cardholders worldwide benefit from more confidence and insights when reviewing their transactions.
- Partnering with Snowdrop, Winex aims to bridge the gap between traditional and digital economies.
The leading digital payments provider, Wirex, has deployed a range of location-enriched services to let their users know where payments take place. Announced Monday, the in-app services promise a greater level of transparency by enabling cardholders to view precisely where their transactions occur.
Wirex Service Offers Transaction Details
The global platform for crypto and traditional currencies transactions, Wirex Limited, partnered with location intelligence expert Snowdrop Solutions Ltd. to launch the service. Instead of the coded, confusing information provided in a card transaction, the function replaces it with detailed information, including merchant name, location, and, if necessary, associated brand name. The service is availed on transactions of each of the 20 currencies offered on their award-winning app. This is an excellent opportunity for Wirex cardholders across the globe to benefit from more confidence and insights when reviewing their transactions.
Enhancing Crypto’s Appeal
Fineextra.com quoted, Pavel Matveev, CEO, and co-founder of Wirex as saying, ever since Wirex’s creation “in 2014,” the team has always focused on making the complex crypto world “more appealing for everyday users.” In collaboration with Snowdrop, they aim to bridge “the gap between traditional and digital economies” and avail their customers “access to even more cutting-edge and convenient financial features that add value to their lives.”
Next-Generation Innovations
With its clientele of above 3.5 million, Wirex has already attained widespread recognition for its innovations. Pairing the next-generation payments infrastructure with digital payments, Wirex debit card users get to spend crypto in-store at over 61 million locations. Additionally, the service utilizes Snowdrop’s Merchant Reconciliation System (MRS) technology to offer its customers unique spending insights, some better ways to visualize financial habits and patterns.
The CEO of UK-based Snowdrop, Ken Hart, said they’re “excited to partner with Wirex.” He added at Snowdrop, they give utmost importance to “quality customer experience and transparency” and are “committed to lead by example.”
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
