Trading 212, an online broker offering Financial Conduct Authority (FCA) regulated trading services, has announced a new partnership with Paynetics, a European embedded finance provider.
Under the agreement, Paynetics will provide Trading 212 with multi-currency accounts and card payments for stock trading services.
For Trading 212, one of Europe's largest stock trading apps, this partnership marks a new direction for Paynetics as it aims to be at the forefront of financial innovation.
Trading 212: Expanding services with Paynetics
Paynetics' infrastructure allows Trading 212 customers to use their account balances for daily expenses without having to withdraw cash.
Leveraging Paynetics' proprietary technology, Trading 212 is able to offer its customers best-in-class products, enhancing the regulated investment, savings, and active trading services it provides in the global financial markets.
Kaloyan Yanchev, Head of Payments at Trading 212, said: Democratizing savings and investing is something we are very passionate about and this partnership allows us to improve the functionality of our fee-free platform for our customers. ”
Leveraging Paynetics' built-in financial capabilities, Trading 212 is more than just an online brokerage service, making its financial services offering even more comprehensive.
In fact, embedded finance options are growing to support a variety of financial services professionals and functions, allowing financial services to extend their services and belong to a broader digital ecosystem. Ta.
