Quotidien Fintech, levée de fonds, M&A
              


Lundi 12 Avril 2021

STICPAY continues global trading platform push for e-wallet services


Disclaimer: The text below is a press release that was not written by Finyear.com.
Avertissement : Le texte ci-dessous est un communiqué de presse qui n'a pas été rédigé par Finyear.com.



E-wallet provider STICPAY is signing a partnership agreement with online broker M4Markets, which provides trading services on Forex, commodities and indices.

The move is part of a recent drive to increase the choice of platforms STICPAY clients can use to conduct forex, shares and commodity trades. STICPAY’s customers will be able to use its e-wallet to deposit and withdraw funds and conduct trades from anywhere in the world.

The e-wallet, which incorporates enhanced anti-fraud features to protect customers’ funds, gives faster transfer payments than international bank transfers and users only pay deposit and withdrawal fees, with transfer fees covered by the merchant.

The deal comes against a strong rise in Forex trading - primarily corporate brokers – that went up 40% in 2020 in day-to-day trading volume compared to the past decade.

This new deal is the latest in a line of partnerships that London-based STICPAY has sealed recently to build-up its established customer base across European, Australian and Asian markets, which includes strong growth in South Korea, China and Thailand.

The fintech firm currently offers 33 wallets for both local fiat and crypto currencies, which include payment methods such as Visa and Mastercard, bank wire and local bank wire transfer in Asian countries.
M4Markets is one of the fastest growing regulated Forex and CFD with a multi-asset offering and a focus on trader experience. M4Markets offers low spreads and no requotes, segregated trust accounts and is regulated by the Financial Services Authority (FSA) in the Seychelles.

M4Markets executive director Deepak Jassal comments: “STICPAY offers efficient, quick and seamless access to funds for our users to conduct the trades they want from anywhere in the world. I’m sure the STICPAY wallet will be very popular with our clients.”

STICPAY’s client service director James Bay says: “The M4Markets partnership shows that we are committed to offering clients the widest choice of platforms to conduct their trades.”

About STICPAY
Founded in 2018, STICPAY is a London-based fintech company that serves customers in over 190 countries with a global e-wallet service. With a Year-Over-Year growth of 300%, STICPAY has a strong presence in Asia. Due to the firm’s partnerships with domestic financial institutions, STICPAY offers the option for customers in seven Asian countries to top-up and withdraw funds rapidly and cost-efficiently using the local bank wire service.
While featuring advanced security and anti-fraud measures, the company recently redesigned its mobile apps for iOS and Android, allowing customers to enjoy the full STICPAY experience at the convenience of their smartphones. Along with eCommerce, the company considers the forex industry as one of its top markets for merchants

About M4Markets
M4Markets is one of the fastest growing regulated Forex and CFD brokers with a multi-asset offering and a focus on trader experience. With low spreads and no requotes, segregated accounts, ultra-fast execution and regulated by the Financial Services Authority (FSA) in the Seychelles, M4Markets is one of the most trusted brokers.




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