Natixis Payments and TransferWise announce a partnership Banques Populaires’ and Caisses d’Epargne’s customers will be able to access to the best service to send money abroad
Today TransferWise, Natixis Payments and Groupe BPCE, France’s second largest bank, announce a partnership that will enable Banques Populaires’ and Caisses d’Epargne’s 15,1 million individual active customers to sending money to over 60 countries at the real exchange rate. It’s the first time in Europe that a major bank will directly integrate TransferWise’s API into mobile banking apps.
Groupe BPCE, the 2nd-largest banking group in France, includes two independent and complementary cooperative commercial banking networks: the network of 14 Banque Populaire banks and the network of 16 Caisses d’Epargne. It also works through Crédit Foncier in the area of real estate financing. It is a major player in Asset and Wealth management, Insurance, Corporate & Investment Banking and Specialized Financial Services with Natixis. Groupe BPCE, with its 106,500 employees, serves a total of 31 million customers and enjoys a strong local presence in France with 7,800 branches and 9 million cooperative shareholders.
Natixis Payments brings together all the Groupe BPCE’s expertise in payments, with the mission to building better payments every day. Natixis Payments is major player in processing for financial institutions, digital payments for consumers, and issuing and acceptance solutions for merchants - With a market share of over 20% for electronic banking and over 7 billion transactions.
In addition to card payment and SEPA solutions, the company’s range includes third-party payment services and omni-channel acceptance solutions provided by Payplug and Dalenys in France and across Europe. Natixis Payments also offers a range of service vouchers (Chèque de table/Apetiz, Cesu Domalin, Cado Chèque/Cado Carte), the online money pot Le Pot Commun, the E-Cotiz membership subscriptions online management system, the Depopass online peer-to-peer high value payment solution as well as Comiteo’s platform and market place dedicated to works councils.
TransferWise is a new kind of financial company for people and businesses that travel, live and work internationally. It’s the fairest, easiest way to manage your money across borders. With a simple money transfer platform and borderless accounts, it makes managing your money quick, easy and painless.
Co-founded by Taavet Hinrikus and Kristo Käärmann, TransferWise launched in 2011. It is one of the world’s most successful fintech startups having raised $397m from investors such as IVP, Old Mutual, Andreessen Horowitz, Sir Richard Branson, Valar Ventures and Max Levchin of PayPal.
Over three million people use TransferWise to transfer over €2 billion every month, saving themselves over €2 million every day. www.transferwise.com
Press Relations, Natixis
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