deVere Group Partners with Moorwand to Issue Multi-currency Card

deVere Group, one of the world's leading independent international financial consultancy, today announced that it has planned to issue multi-currency Mastercard(deVere Vault) across 14 different European markets by partnering with Moorwand, a BIN sponsor and issuer that transforms compliance into an enabler of innovation.

According to the announce, deVere Group is working with Moorwand to offer issuing services and BIN Sponsorship for Vault.

deVere Vault, one of the digital banking products offered by the deVere Group, is a mobile app paired with a multi-currency Mastercard designed to meet the financial needs of international investors, expatriates and other globally-minded individuals.

Vault provides five wallets denominated in four currencies: EUR, GBP, USD and CHF. Users can also store and exchange funds in an additional 22 currencies. The Vault app allows funds to be moved by bank transfer and SWIFT as well as via instant Vault-to-Vault wallet transfers to other Vault users. In addition, clients are able to use bank transfer or debit card load to top-up their Vault wallet .

Moorwand will issue deVere’s multi-currency card to four different user groups: existing Vault wallet users, deVere Group clients using its insurance and investment products, deVere Group employees, and deVere Group companies for salary payments. As the BIN Sponsor, Moorwand will also provide deVere with a single compliant connection to the Mastercard payment scheme for global transaction processing and settlement of cardholder funds.