Equiti introduces fully integrated payment card and mobile app
FX and CFDs brokerage conglomerate Equiti Group has announced that in response to trader requests for seamless access to funding, Equiti has introduced what it calls the industry’s first fully integrated prepaid Mastercard and prepaid card mobile app linked to traders’ trading accounts.
In partnership with Gate to Pay, the card issuer, traders can now conveniently transfer funds to their trading accounts with no fees, top up their card balances, and monitor their transactions on their mobile phones. The card also offers the normal Mastercard benefits and can be used for regular daily transactions such as withdrawal of funds at ATMs, online and point-of-sale purchases, or even international payments. The application process is simple and quick, and can be accessed in just a few clicks on the client portal.
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.”
Before the official launch of the Equiti prepaid Mastercard card and app, traders were informed of the offering and the demand showed a roughly 250% higher uptake rate than originally planned.
Mohamed Alahmad, managing director for the Middle East region at Equiti, said:
“Our clients are always at the heart of our business. We take our traders feedback and requests seriously and use it to develop innovative offerings and solutions to deliver a superior trading experience.
“Equiti aims to make our client’s experience a global market disruptor so we are thrilled to introduce this first of its kind payment solution to Equiti’s offering.
“The Equiti prepaid Mastercard is another step toward achieving our mission to be at the forefront of innovation in the fintech sector.”
Commenting on the partnership with Equiti, Yazan Hamdan, Head of Business at Gate to Pay said:
“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.”
Equiti added that it is in the advanced stages of other innovative payment solutions that will be launched in Q3 2021.
Equiti Group Ltd is the parent company of some of the most progressive FX and CFD brands and prime brokerage providers in the industry. With over 350 global staff and 24/6 customer service, Equiti provides clients with access to individual, corporate and institutional brokerage services across various affiliates and subsidiaries.
Equiti Group’s global footprint includes local offices in Europe, the Middle East, the Americas, Africa, and the Asia Pacific regions and provides trading support and services on the world’s leading trading platforms MT4 and MT5.
Regulated entities within Equiti Group include Equiti Capital UK Ltd regulated by the UK’s Financial Conduct Authority, Equiti Group Limited Jordan, regulated and licensed by the Jordan Securities Commission, EGM Futures DMCC, regulated and licensed by UAE’s Security and Commodities Authority, EGM Securities regulated and licensed by the Capital Markets Authority, Equiti Brokerage (Seychelles) regulated and licensed by the Seychelles Financial Services Authority and Equiti AM, regulated and licensed by the Central Bank of Armenia.