Fintech
Trading 212 and Paynetics: multi-currency card partnership
Trading 212, an online broker regulated by the Financial Conduct Authority (FCA) offering trading services, has announced a new partnership with European embedded financial services provider Paynetics.
The agreement will see Paynetics provide Trading 212 with multi-currency accounts and card payments for its stock trading services.
For Trading 212, one of the largest stock trading apps in Europe, this partnership represents a new direction as Paynetics seeks to drive financial innovation.
Trading 212: Expansion of services with Paynetics
With Paynetics’ infrastructure, Trading 212 customers can use their account balance for everyday spending without having to cash out.
By leveraging Paynetics’ proprietary technology, Trading 212 can now offer its clients best-in-class products, promoting the regulated investment, savings and active trading services it provides in the global financial markets.
Kaloyan Yanchev, Head of Payments at Trading 212, says: “We are extremely excited to work with Paynetics, a leader in integrated finance. Democratizing saving and investing is something we are very passionate about and this partnership allows us to increase the capabilities of our platform without fees for our customers.”
By leveraging Paynetics’ integrated financial capabilities, Trading 212 is making its financial services offering even more comprehensive, as it looks to go beyond being a simple online brokerage service.
Indeed, integrated finance options have grown to support a range of financial services professionals and functions, allowing financial services to broaden its services and belong to a larger group. digital ecosystems.