Equiti Launches Fully Integrated Mastercard Card and Mobile App

Equiti Group, a provider of online trading technology and multi-asset financial products, has launched the industry's first fully integrated prepaid Mastercard and prepaid card mobile app linked to traders' trading accounts as a response to trader requests for seamless access to funding.

In partnership with Gate to Pay, the card issuer, traders can now conveniently transfer funds to their trading accounts with no fees, top up their card balances, and monitor their transactions on their mobile phones. The card also offers the normal Mastercard benefits and can be used for regular daily transactions such as withdrawal of funds at ATMs, online and point-of-sale purchases, or even international payments. The application process is simple and quick, and can be accessed in just a few clicks on the client portal.

Before the official launch of the Equiti prepaid Mastercard card and app, traders were informed of the offering and the demand showed a roughly 250% higher uptake rate than originally planned.

Gareth Bateman, Global Head of Payments for Equiti, said: "We are delighted to have developed such an intuitive payment tool which makes it easy for traders to transfer funds to and from their accounts. At Equiti, we are constantly applying ourselves to assure the payment experience is as seamless and secure as possible. With the complexities of e-commerce payments and our understanding of local payment solutions on a global scale, we believe the Equiti prepaid Mastercard card will widely appeal to traders to facilitate the ease of trading.”

Commenting on the partnership with Equiti, Yazan Hamdan, Head of Business at Gate to Pay said: "We are extremely honored about our partnership with Equiti and for the opportunity to elevate their offerings and customer experience with our solutions. Through our BaaS (Banking as a Service) offerings, we aim to enable partners to offer digital banking products and solutions for their clients. Equiti is a fast-growing, innovative, market leader, adapting to the latest trends and sets a clear example for the industry."