Rewire connects to Eurogiro
Tel Aviv, May 16 2017 – Rewire and Eurogiro signed an agreement today that brings a unique combination of remittance channels, new digital banking technologies and access to existing infrastructures to the Eurogiro members. Eurogiro members, with their extensive account base, dense branch network and business and consumer client portfolios offer Rewire the potential for geographical expansion and further enhancements of their system.
Rewire and Eurogiro share a vision to bring affordable and secure cross-border banking and remittances to anyone, taking advantage of the best features within existing technical infrastructures, all types of communication channels and the newest technologies.
Rewire is a digital technology company founded on the resolve to change current remittance practices, which they perceive as complicated, unfair and sometimes expensive. They built a secure digital banking platform that addresses every step of the customer’s needs, from storing value to seamless remittance to a connected card technology. Rewire enables funding and pay-outs via bank accounts, mobile accounts as well as cash outlets and simple KYC solutions. They are present in high remittance destinations such as India and the Philippines, as well as destinations not yet covered by Eurogiro such as Nepal and Russia. Rewire is a fully licensed remittance company.
Michel Stuijt, CEO at Eurogiro, says: ‘I am very proud to welcome this Fintech company into the Eurogiro community. They have excellent technical solutions for cross-border payments and remittances and use a broad scope of channels spanning from social media, mobile phones, PCs, as well as access to bank accounts and traditional point of sales and they do it in a fresh and very efficient way. Although they are around for a short period, they have proved to be capable to establish successful business. Furthermore, they have an impressive backing from the industry. Their services could be just what posts that are striving for high-tech solutions for modern clients are looking for’.
Or Benoz, Co-founder and CEO of Rewire, comments:
We are excited and honored to join the Eurogiro network and to bring advanced digital payment/financial solutions to the members and their customers. Working with a network that collaborates with digital payment solutions is a strong vouch for the collaboration of existing infrastructure together with advanced digital financial solutions and products. We look forward to expanding our services internationally to offer digital financial solutions for internationals.
Or Benoz will be talking to Eurogiro members during the May 2017 Eurogiro Community Meeting in Belgrade and will be among the speakers at the conference.
From the right: Co-founder and CEO of Rewire, Or Benoz, and Eurogiro CEO, Michel Stuijt, sign the new partnership (Source: Rewire).