Fintech PR

Wirex Unveils Dual-Mode Card Transforming the Landscape of Financial Innovation

Published

1 year ago

October 17, 2023

wirex-unveils-dual-mode-card-transforming-the-landscape-of-financial-innovation

LONDON, Oct. 17, 2023 /PRNewswire/ — Wirex, a leading crypto payments platform, is thrilled to introduce the Wirex Dual-Mode Card, a cutting-edge solution that seamlessly merges the reliability of traditional financial systems with the transformative potential of decentralised finance (DeFi).

The Wirex Dual-Mode Card offers users flexibility and control over their financial assets, providing two distinct modes to cater to diverse preferences.

In Debit Mode, the card operates like a traditional debit card, supporting transactions in both fiat currencies and stablecoins. This mode is ideal for users who prefer the stability of fiat or stablecoin spending, minimising volatility and ensuring predictable value.

Switching to Credit Mode, the Wirex Dual-Mode Card utilises crypto holdings as collateral through a Collateral Debt Position (CDP). Tailored for crypto enthusiasts, this mode leverages DeFi protocols for decentralised lending and borrowing, allowing users to preserve the appreciation of their assets.

Pavel Matveev, CEO & Co-Founder of Wirex, said: “Wirex is proud to present the Dual-Mode Card, a catalyst for change in the financial landscape. It seamlessly integrates traditional and DeFi elements, giving users unparalleled control and flexibility – a true evolution in financial services.”

Enjoy the following advantages with the Wirex Dual-Mode Card:

Flexibility: Users can effortlessly toggle between Debit and Credit modes, tailoring their spending experience in real-time based on their preferences and market conditions.
Tax Efficiency: The Credit mode ensures that users can leverage their crypto assets for spending without triggering a taxable event, a significant advantage in many jurisdictions.
DeFi Integration: By utilising DeFi to source liquidity in the Credit mode, Wirex ensures faster, more efficient, and transparent financial operations, removing the traditional banking system’s inefficiencies and bottlenecks.
Asset Preservation: Users retain the potential upside of their crypto holdings, as these assets are not sold but used as collateral.

Taking innovation further, the Wirex Dual-Mode Card integrates with the Account Abstraction (AA) balance on the Wirex App Chain, providing exceptional benefits:

Direct Control: By linking the card to the AA balance, Wirex ensures that users have direct control over their funds. This eliminates the need for intermediaries, ensuring transactions are swift, transparent, and efficient.
Elimination of Third-Party Risk: Traditional financial systems often involve multiple intermediaries, each introducing potential points of failure or risk. By connecting the Dual-Mode Card directly to the AA balance, Wirex removes any third-party risk, ensuring that users’ funds are secure and under their complete control.
Empowerment of Account Owners: Whether you’re an individual user or an enterprise, the connection to the AA balance empowers you with full autonomy over your funds. This means you can manage, spend, and secure your assets with the confidence that you’re in the driver’s seat.
Seamless Integration with DeFi: The connection to the AA balance further enhances the card’s DeFi capabilities. Users can leverage the vast potential of decentralised finance, enjoying benefits like yield farming, liquidity mining, and more, all while maintaining direct control over their assets.

Stay tuned for more announcements regarding the availability of the Wirex Dual-Mode Card and experience a new era of financial freedom.

About Wirex

Wirex is a worldwide digital payment platform and regulated institution that has forged new rules in the digital payments space. In 2015, the firm developed the world’s first crypto-enabled payment card that gives users the ability to seamlessly spend crypto and traditional currencies in real life.

Wirex was created in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, who identified the need to open up the esoteric world of cryptocurrencies and make digital money accessible for everyone. With the core aim of making it as easy as possible to use digital assets in everyday life, Wirex provides a trusted and cost-effective service for crypto and traditional currency transactions by incorporating the next generation of payments infrastructure integrated with cryptocurrency blockchains.

With over 6 million customers across 130 countries, the company offers secure accounts that allow customers to easily store, buy and exchange multiple currencies instantly at the best live rates on one centralised mobile app. Quick and simple crypto transfer options are available, as well as the freedom to spend 150+ traditional and cryptocurrencies in more than 80 million locations around the world using the Wirex card.

Wirex continues to develop the product in line with market developments, whilst adhering to regional regulations and securing appropriate licensing where it exists. A proven industry pioneer, Wirex launched their own native utility token, WXT, and introduced the world’s first crypto reward programme, Cryptoback™, which earns cardholders up to 8% back in WXT for every transaction they make.

To reflect the growth of Web3, from 2021, the company has expanded their product to enable mainstream access to DeFi and wealth management. Starting with the launch of their popular X-Accounts feature, offering unprecedented levels of interest, Wirex has continued to add to their DeFi arsenal with the release of the non-custodial Wirex Wallet and a partnership with Nereus, a decentralised liquidity market.

Wirex is based in London, with offices in Singapore, Kyiv, Lviv, Sydney, Zagreb, and Atlanta. With over $20bn worth of transactions processed already and rapid expansion into new territories, including the US and Australia, Wirex is uniquely placed to support and promote the mass adoption of a cashless society through creative solutions.

| wirexapp.com |

For more information, please contact:
E-mail: [email protected]

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View original content:https://www.prnewswire.co.uk/news-releases/wirex-unveils-dual-mode-card-transforming-the-landscape-of-financial-innovation-301958626.html

Fintech PR

Slice Mobile launches special Black Friday offers

Published

15 minutes ago

November 27, 2024

CISION (PR Newswire)

Double Data Deal for Life

LONDON, Nov. 27, 2024 /PRNewswire/ — In anticipation of Black Friday, Slice Mobile is enhancing its popular plans—Mini, Middy, and Biggie—by offering double the data. Both new and existing customers can benefit from this upgrade for life, as long as they remain on the same plan.

Available Deals:

Mini Plan: Now 20GB for £10
Middy Plan: Now 60GB for £15
Biggie Plan: Now 200GB for £20
Bigger Biggie Plan: Already unlimited at £30

Unlimited Plan for £5 for 3 Months

For a limited time, Slice Mobile is offering the Bigger Biggie unlimited plan for just £5 per month for the first three months. Normally priced at £30, customers can access this discount by applying the promo code FIVER at checkout. With eSIM technology, users can connect within minutes without waiting for a physical SIM card.

Key Benefits of the Offer:

Unlimited data, texts, and calls, eliminating mid-month worries.
Instant eSIM setup through the app, bypassing delivery delays.
EU roaming up to 30GB included.
Flexible, rolling monthly plan.
A 7-day free trial to experience the service risk-free.
An impressive 83% discount on the first three months, saving £75 in total.
Simple sign-up: apply promo code FIVER at checkout.

This limited-time offer is available until 11th December 2024, making it the perfect opportunity for those seeking a flexible and affordable mobile plan.

How to Get Started

New users can join Slice Mobile, or current users can switch their free trial to a paid plan via the Slice app during the promotional period.

View original content:https://www.prnewswire.co.uk/news-releases/slice-mobile-launches-special-black-friday-offers-302317430.html

Fintech PR

ADFW Unveils Full Agenda for 2024 Edition, One of the Most Impactful Financial Gatherings of the Year

Published

2 hours ago

November 27, 2024

CISION (PR Newswire)

ABU DHABI, UAE, Nov. 27, 2024 /PRNewswire/ — Abu Dhabi Finance Week (ADFW) has unveiled a compelling agenda for this year’s event that will take place from 9^th to 12^th December 2024. ADFW 2024 – ADGM’s flagship event with ADQ as its headline partner – is one of the most anticipated financial gatherings this year, with a lineup of industry-shaping events, influential speakers, and strategic forums that will explore the theme of ‘Welcome to the Capital of Capital.’

This third edition is in keeping with ADFW’s tradition of convening some of the most renowned global financial leaders, investors, policymakers, and thought leaders to address and analyse topics such as economic, human, cultural, environmental and technological capital, that make Abu Dhabi the ‘Capital of Capital’. The agenda for 2024 includes over 60 main and side events, more than 350 thematic sessions and approximately 600+ speakers. The event expects a gathering of over 20,000 attendees from around the world, representing over USD 30 trillion in managed assets.

Commenting on ADFW’s exceptional agenda, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADGM and ADDED said, “Abu Dhabi Finance Week has firmly established itself as a global platform that attracts the most influential professionals in the finance industry from across the world. This year’s agenda for ADFW is a testament to Abu Dhabi’s position as a leading international financial hub, where innovation and collaboration drive progress for the Falcon Economy. ADFW continues to create unparalleled opportunities for meaningful dialogue, shaping strategies that strengthen resilience and growth in today’s evolving economic landscape, welcoming them to the ‘Capital of Capital’.”

Key forums, including the Abu Dhabi Economic Forum, Asset Abu Dhabi, RESOLVE 2024, Fintech Abu Dhabi, and the Abu Dhabi Sustainable Finance Forum (ADSFF) will return this year. New events for 2024 include the UBS Investment Forum, the China UAE Investment Summit with HSBC, the Islamic Finance Summit, the Spear’s Private Wealth Summit, and the Abu Dhabi Capital Markets Showcase.

Day 1: Opening Ceremony and Abu Dhabi Economic Forum
The official opening ceremony is on 9^th December in the presence of esteemed members of Abu Dhabi’s leadership, heads of leading global investment and financial firms and other VIPs from the financial industry.

Abu Dhabi Economic Forum, a high-level leadership gathering, will feature in-depth discussions on the current state of and prospects for the Falcon Economy. It will bring together senior members of the Abu Dhabi government and prominent figures from the private sector, representing key industries. Speakers include the CEOs of Blackrock, Morgan Stanley, HSBC, Citigroup, BNY, Lunate, First Abu Dhabi Bank (FAB) and Aldar. ADEF Private Leadership Forum, Abu Dhabi Capital Markets Forum, the UBS Investor Forum and the prestigious ADFW Gala Dinner are a few of the major sub-events scheduled for the day.

Day 2: Asset Abu Dhabi and RESOLVE
The second day starts with Asset Abu Dhabi in association with ADCB, Mubadala and PGIM Global Asset Management. Bringing together asset allocators, asset managers, investment bankers, venture capitalists, private equities, family offices and other institutional investors, collectively managing over USD 30 trillion in assets, the event will see industry titans such as Ray Dalio, Robert Smith – Founder, Chairman & CEO at Vista Equity Partners, Aron Landy – CEO at Brevan Howard, and Bill Huffman – CEO at Nuveen take to the stage.

RESOLVE will also be held on this day, in collaboration with the Judicial Department. Under the theme ‘Resilience’, the event is set to host impactful conversations among key stakeholders from the global dispute resolution community and leaders from government, industry, and academia.

Day 3: Fintech Abu Dhabi and Global Financial Regulators Summit
Fintech Abu Dhabi, the Middle East’s largest fintech festival, will spotlight innovations in AI, digital security, and blockchain technology. Breakout events like Blockchain Abu Dhabi, RISK 4.0 Forum, Islamic Finance Summit and the AI Abu Dhabi Forum will showcase the transformative potential of emerging technologies. Leading voices, including Jeremy Allaire – CEO and Founder of Circle, Richard Teng – CEO of Binance, and Caroline Pham – U.S. CFTC Commissioner, will discuss the evolving landscape of financial technology.

The Global Financial Regulator Summit also returns as a closed-door gathering of international senior regulatory bodies and representatives from the MENA region, the European Union, the UK, Asia and the USA to discuss the approach to the opportunities and challenges presented by the rise of AI.

Day 4: ADSFF
Exactly one year after hosting its last edition at COP28, the Abu Dhabi Sustainable Finance Forum (ADSFF) will be held on the concluding day of ADFW to conduct discussions on sustainable finance, impact investing, and net-zero commitments. It will bring together impactful voices like H.E. Carme Artigas Brugal, Co-Chair of the AI Advisory Body at the United Nations, Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Jonathan Dean of AXA IM and H.E. Majid Al Suwaidi, CEO of Alterra underscoring Abu Dhabi’s commitment to sustainability and green finance.

Curated side events include ‘Women in Finance’ and the ADFW Venture Park.

For more information on the agenda please visit What’s Happening in ADFW | Agenda – Abu Dhabi Finance Week

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View original content:https://www.prnewswire.co.uk/news-releases/adfw-unveils-full-agenda-for-2024-edition-one-of-the-most-impactful-financial-gatherings-of-the-year-302317367.html

Fintech PR

Comviva appoints Raja Mansukhani to accelerate growth and transformation

Published

2 hours ago

November 27, 2024

CISION (PR Newswire)

comviva-appoints-raja-mansukhani-to-accelerate-growth-and-transformation

NEW DELHI, Nov. 27, 2024 /PRNewswire/ — Comviva, a global leader in digital transformation solutions, specializing in customer experience management, data monetization, and mobile financial services, today announced the appointment of Raja Mansukhani as its Chief Strategy, Technology, and Transformation Officer. In this key role, Raja will drive the execution of strategic initiatives that are central to Comviva’s transformation and the realization of its ambitious Comviva 2.0 vision.

Raja brings over two decades of leadership experience across IT, telecommunications, fintech, and digital platforms. He has led organizations through large-scale business and operational transformations, market expansions, and the launch of innovative products and technologies in diverse global markets. Prior to joining Comviva, Raja was the CEO of a Digital Platforms company within the Axiata Group.

Welcoming Raja to the Comviva leadership team, Rajesh Chandiramani, Chief Executive Officer at Comviva, said, “We are thrilled to have Raja on board during this transformative phase for Comviva. His deep industry knowledge and proven ability to drive growth and innovation align perfectly with our vision for Comviva 2.0. Raja’s leadership will be instrumental in shaping our strategic direction and technology roadmap, as we continue to deliver cutting-edge digital solutions for our customers worldwide.”

Raja Mansukhani shared his enthusiasm about joining the Comviva team, stating, “I am honored to be part of Comviva, a company renowned for its pioneering solutions and steadfast commitment to a customer-centric approach. As the industry undergoes rapid transformation, this is an exciting opportunity to lead strategic initiatives alongside a talented team that will unlock new opportunities and accelerate Comviva’s growth while delivering differentiation and significant value creation for our customers. As a team, we will drive innovation, foster value-driven transformation, and work towards achieving the bold objectives of Comviva 2.0.”

With Raja’s appointment, Comviva reaffirms its commitment to delivering innovative, customer-first solutions while accelerating its transformation efforts to stay ahead in the rapidly evolving digital economy.

As part of its strategic growth, Comviva is enhancing its capabilities in digital commerce, data monetization, and customer experience solutions. By focusing on partnerships with technology leaders and hyperscalers, and advancing operational excellence across MarTech, FinTech, DigiTech, and RevTech, Comviva is positioning itself as a catalyst for innovation. These initiatives align with the company’s vision to lead the digital transformation journey, empowering businesses to unlock new revenue streams and deliver exceptional customer value.

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