Global Payments

Mistertango Teams Up With EXMO; Onfido Partners With TransferGo

The Axis

Welcome to The Axis, your late look at payments news from around the world. Coverage includes provider Onfido’s partnership with global remittance company TransferGo. In addition, ASHBURN International is rolling out dynamic currency conversion, and Mistertango is teaming up with crypto exchange EXMO for instant transactions.

Mistertango is teaming up with crypto exchange EXMO to help users trade and exchange digital assets, the companies said in an announcement. With the partnership, traders on the EXMO platform will be able to make instant deposits and withdrawals in euros. In addition, EXMO users are also able to make Single Euro Payment Area (SEPA) transfers via Mistertango.

In the announcement, EXMO Co-founder Ivan Petukhovsky said, “with the ability to make faster payments and provide users with payment accounts, we’re able to set ourselves apart and offer the quality of service that more closely parallels the level that customers would expect from the traditional financial world.”

And identity verification provider Onfido has partnered with global remittance company TransferGo to help with customer onboarding, the companies said in an announcement. As TransferGo embarks upon its global expansion, Onfido’s machine learning-based identity verification technology will help TransferGo bring new users onto the platform.

“Onfido enables us to deliver the swift service our customers expect, without compromising on security,” TransferGo CEO Daumantas Dvilinskas said in the announcement. “Their risk-based approach means we can confidently verify our users, and don’t have to add unnecessary friction where it’s not needed.

In other news, ASHBURN International is rolling out dynamic currency conversion for tourists and businesspeople, the company said in an announcement. The technology recalculates the cost of a good or service into the currency preferred by the cardholder, whether that is the currency of his or her home country or the country that he or she is visiting.

The company said that the service has long been popular in Europe, and with the rollout, it is now available on point-of-sale terminals serviced by ASHBURN International in the Baltic States, Azerbaijan-Georgia, Kazakhstan, Uzbekistan and other countries.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.