Equiti Introduces Prepaid Mastercard for Seamless Payments

Equiti, a leading Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term financial services provider, announced today that the company has introduced the industry-first fully integrated prepaid Mastercard for seamless Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.

According to an official press release shared with Finance Magnates, Equiti has launched a prepaid card mobile app linked to the trading accounts of the company’s traders in an effort to make the entire funding process smooth and simple.

The broker has partnered with Gate to Pay, a card issuing company, to facilitate traders through a convenient funds transfer process. The new launch will enable traders to track their transactions on their mobile phones.

Commenting on the latest announcement, Gareth Bateman, Global Head of Payments for Equiti, said: “We are delighted to have developed such an intuitive payment tool which makes it easy for traders to transfer funds to and from their accounts. At Equiti, we are constantly applying ourselves to assure the payment experience is as seamless and secure as possible. With the complexities of e-commerce payments and our understanding of local payment solutions on a global scale, we believe the Equiti prepaid Mastercard card will widely appeal to traders to facilitate the ease of trading.”

Equiti Group has accelerated the expansion of its product offering since the start of 2021. Recently, the company included sustainable energy stocks in its offering.

Payment Solutions

During the latest announcement, the multi-asset financial services provider mentioned that the company is planning to launch innovative payment solutions in the third quarter of 2021 to facilitate its traders. Mohamed Alahmad, Managing Director for the Middle East region at Equiti, said that the company is on a mission to be at the forefront of innovation in the financial technology sector.

“We are extremely honored about our partnership with Equiti and for the opportunity to elevate their offerings and customer experience with our solutions. Through our BaaS (Banking as a Service) offerings, we aim to enable partners to offer digital banking products and solutions for their clients. Equiti is a fast-growing, innovative, market leader, adapting to the latest trends and sets a clear example for the industry,” Yazan Hamdan, Head of Business at Gate to Pay commented.