Sokin to integrate with Currencycloud for boosting payments network

Source: IBS Intelligence 2020-08-12

FinTech payment firm Sokin announced today that it would be integrating Currencycloud’s local payment rails in a bid to avail its low-cost subscription-based money transfer service across 150 countries with 35 different currency options. Sokin’s service provides customers with low transfer costs across all markets and currencies without repeat costs or marking-up exchange rates. It allows users to make unlimited payments and transfers for one low monthly fee, starting at US$2.99.

Vroon Modgill, CEO at Sokin, added, “We have developed our payments network across core market areas, and by working with Currencycloud, we can quickly bring all the benefits of our subscription model to a greater number of markets and clients. Currencycloud provides easy to integrate cloud-based services, which can seamlessly support our operations in all the markets we want to offer a service.”

The FinTech challenger payments firm Sokin has a proprietary global payments network for B2B customers, which offers a simple app or online-based platform which allows multiple transfers with no hidden costs, all for a fixed monthly fee.

Lauren Passey, Sales Director for Fintech at Currencycloud, said, “Sokin is the type of new generation payments firm which is a perfect partner for Currencycloud. The focus on customer experience and the need to have very high levels of regulatory oversight and efficient onboarding is what we do best. Global payments infrastructure is complex and time-consuming to navigate so we can allow clients to quickly expand their international networks and know that quality and cost will never be compromised.”

Recently, Sokin entered into a partnership with Jumio in a bid to introduce the digital identity verification technology as part of its client onboarding process.

Currencycloud

Sokin

payment company

financial technology

Sokin to integrate with Currencycloud for boosting payments network

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