Sokin expands across Asia Pacific with Visa partnership

London-based FinTech Sokin has partnered with Visa to roll out its inclusive global currency account and debit cards across Asia Pacific.

The payments provider, which was launched in 2019, aims to support economic migrant workers around the world by “making moving and managing money across borders cheaper, transparent, and convenient”.

The company launched its digital wallet and debit card in August 2021 across 32 counties. It has 120,000 registered users and 175,000 on its waiting list.

Sokin describes itself as the first payments platform to take a subscription model like Spotify or Netfliex.

The service enables consumers to receive and send unlimited money transfers and access cost-effective currency exchange in 38 currencies to over 200 countries and territories for one fixed monthly fee.

The new multi-year partnership will see Visa support Sokin with digital banking solutions and card services across multiple Asia Pacific countries.

“This partnership with Visa is fundamental in Sokin being able to help people in Asia Pacific countries and territories access inclusive and cost-effective financial service products.” Vroon Modgill, founder and chief executive at Sokin commented. “We look forward to building a strong partnership with Visa to deliver our Global Currency Account and debit card to this region with the ambition to become the leading independent provider for Asia Pacific, delivering the services and support people really want and need to fulfil their financial aspirations.”

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