UK-based payments firm Moorwand has collaborated with Global Processing Services (GPS) to introduce a prepaid card solution, called UPayCard, in the country.
Designed for both businesses and consumers, the new UPayCard payment solution is a multi-currency service designed to enable easy transfers between accounts that are on the same UPayCard system.
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The solution is intended to minimise time taken for fund transfers and allow secure instant payments.
Moorwand CEO Robert Courtneidge said: “GPS is perfect for Moorwand as we need a partner that can move fast so our programme managers can leap ‘with a single bound’ into new products and markets with speed and confidence.
“We will also help them to work safely with the new ‘crypto -nite’ that is tainting the emerging payments industry.”
GPS managing director Suresh Vaghjiani said: “With a lawyer of Robert’s calibre at the helm and his long and distinguished career as a specialist in payments law means that Moorwand’s BIN sponsorship solution is exactly what the market has been waiting for.
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By GlobalData“We are delighted to have been selected by Moorwand to help them into their next phase of growth and their issuing services for cryptocurrencies.”
