Foreign exchange specialist, eWealthGlobal Group, has partnered with global prepaid solutions provider, Contis Group, to provide a powerful online international money management platform that offers individual and business clients favourable FX rates for their international travel and money transfer requirements.
By integrating Contis' credEcardplus prepaid Visa debit card, e-account and rewards solution with its online foreign exchange execution platform, eFX, eWealthGlobal Group's international client base can now benefit from real time wholesale FX rates, which compare favourably to those offered by banks and other currency vendors, and transfer, exchange, spend and withdraw funds from anywhere in the world uninhibited by the excessive delays and charges commonly associated with the traditional global banking system.
"This really is a bank-beating scheme that we've created with the eWealthGlobal Group," comments Mike Fromant, Managing Director, Contis Group. "The card operates like any other Visa debit card but the services and facilities that accompany it far outstrip what high street banks are currently offering. eWealthGlobal Group's eFX platform provides more competitive FX rates and the Visa network that supports credEcardplus operates in real time, which, together with the prepaid nature of credEcardplus, means that moving money from one country to another via our e-account facility is unrestricted, low cost and instant. We're very excited to offer this solution to eWealthGlobal Group's international client base."
"We evaluated a number of options before partnering with Contis and integrating credEcardplus," adds Leigh Martin, co-founder and director of eWealthGlobal Group. "Contis has a wholly owned end-to-end solution which was already live, successful in the market and easy to integrate with our eFX platform. This meant we were able to maintain control over the whole process. The solution is extremely versatile so is well suited to both our corporate and individual clients. For individuals, it can be used for holiday travel money, or for transferring money instantly to extended family in foreign countries; a service that is not offered by traditional banks. Businesses also have the opportunity to issue multiple cards to their travelling workforce and use the centralised e-account platform to administrate their corporate expenses. There are also additional cash rebates and rewards available for our GBP cardholders, which is a great piece of added value."
Contis is one of just a handful of payment solution providers to have total end-to-end ownership of all implementation and programme management processes required to effectively launch and operate a prepaid card initiative: BIN sponsorship, card issuance, payment processing and administration management. The result is a seamless service offering for clients, which delivers cost efficiencies, greater agility in programme development, a much faster time to market and simplicity of management; all services are delivered in-house though a single customer point of contact.
eWealthGlobal Group uses state of the art technology to make international payments cost effective and enable clients to leverage its market leading online eFX platform to transact in up to 160 currency pairs. The firm's objective is to make transacting in FX simple, secure and risk free providing a 'trade and pay in under 30 seconds' capability, together with 100% transparency in all FX pricing.