Embily Introduces IBAN Accounts


Tallinn, Estonia–(Newsfile Corp. – December 2, 2022) – Embily is pleased to announce exciting improvements to the financial service. Previously, the function was only carried out in a test mode. Starting today, customers wishing to transfer funds will be able to use all the advantages of IBAN.

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The main purpose of an IBAN is to reduce the cost of international transfers, especially within the EU. The Single Euro Payments Area (SEPA) makes wire transfers as easy as cash transactions within Europe. IBAN allows for fast processing of electronic transactions and minimum delays and extra costs, all of which reduce the risk of propagating transcription errors.

IBAN functionalities will be available to European users that have successfully registered personal accounts and completed KYC verification.

Embily users can:

  • Replenish the card account in Euros using their virtual and/or plastic VISA card for habitual spending.
  • Top up the card using an IBAN account and SEPA payments.
  • Send Funds within the Eurozone from an Iban account with low transfer fees (0.02% of payment amount for all outgoing SEPA payments).
  • Transfer Funds Between Embily Accounts to friends and family.
  • To use for salary payments.
  • Exchange EURO to Bitcoin and store it at Embily Wallet (available soon).

“We at Embily truly believe that the infrastructure we offer to our retail and corporate clients is one step forward for the global crypto financial ecosystem we are building right now!” states Embily CEO Alexander Bychkov.

Opening an IBAN Account – no-cost
Monthly Fee – no cost

The Embily ecosystem includes financial services for B2B and BTC. The service offers plastic and virtual crypto-friendly cards for EU residents, the ability to buy cryptocurrencies by bank card online, OTC and cryptoprocessing services. A crypto wallet will be released in November 2022.

Media Contact:
Company Name: Embily
Contact Person: Elena Vino
Email: [email protected]
Website: https://embily.com
City: Tallinn
Country: Estonia

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146587