Leading Banking-as-a-Service Provider Contiswhich is part of the Solaris group, has partnered with NagaPay – Crypto Debit Card to launch a new crypto program in the European Economic Area, allowing consumers to spend both fiat and cryptocurrency at the point of sale.
The Visa Approved Program, Powered by Contis Buffer solution will give customers the choice to spend either fiat currency from their NagaPay wallet or cryptocurrency from their NAGA X wallet at the touch of a button via a mobile app. NagaPay is a Germany-based mobile banking and investing app that allows Europe-only users to spend, save, trade and invest on one platform.
The newly launched crypto program will accompany NagaPay’s existing fiat Visa debit card offering which has been live for five months. The The Contis and NagaPay partnership started in November 2021 providing clients with the ability to link and access funds held directly in their payment and brokerage wallets.
Stelios Eleftheriou, Managing Director of NagaPay, said, “Today we are very excited to announce our innovative solution that makes the world of crypto widely and easily accessible to the masses. We enable our users to pay anywhere and anything with their new NagaPay Crypto debit card, using cryptocurrencies in addition to fiat. NagaPay users can securely deposit and withdraw crypto from their NAGA Pay Crypto wallet at any time, with real blockchain transactions, low fees with an automated process, in combination with a free IBAN account.
Andrea Ramoino, Chief Strategy Officer at Contis, said, “We are proud to support NagaPay in their impressive growth plans by using our industry-leading Buffer solution to give customers more choice when purchasing products. . This is just the start of a strong relationship with the NagaPay team as they continue to grow their product offering. »
Contis, part of the Solaris Group, provides award-winning B2B, banking and payment solutions. One of the FT1000: Europe’s fastest growing companies in 2018, 2019 and 2020. We have offices in the UK, Lithuania and India – and recently completed a merger with Berlin-based Solaris, to become the undisputed European leader in banking as a service. . Contis benefits from a full suite of licenses, including FCA and Bank of Lithuania e-money licenses which cover the EEA, and a full consumer credit license in the UK. Contis is a Visa and Mastercard prime member with full referral and processing capability.
NagaPay is a crypto debit card with mobile banking and investing app that lets you spend, save, trade, and invest, all from one platform. Open a free account in minutes and get a free IBAN account with a physical and virtual multi-currency card. Send and receive money from family and friends, buy and store cryptocurrencies in a crypto wallet, trade stocks or copy other traders using the industry leading Autocopy engine. Download NagaPay and start better managing your finances today.