LONDON, Oct. 10, 2018 /PRNewswire/ -- International payments company Moorwand has been selected by Ozan, a new alternative banking platform connecting merchants and consumers globally, to provide BIN sponsorship for the launch of its innovative payment and money transfer service.
Ozan, a new Visa programme that will be available across the EEA, is the first third-party programme launched with Moorwand since the appointment of its CEO, Robert Courtneidge, in January this year.
Ozan has developed its own proprietary technology to enable customers to simply pay online, send money to friends and family, and convert currency real-time when travelling abroad. Ozan also allows customers to conveniently keep details of all their store cards and bank account details in one place.
"We selected Moorwand because of their clear and transparent approach to BIN sponsorship which fitted our needs," said Stephen Quinn, Ozan. "The Moorwand team is extremely experienced and helped us through the BIN sponsorship process with a series of workshops that covered every aspect of the set up. Ozan is off to a great start and we have an excellent proposition to take to market."
Moorwand CEO, Robert Courtneidge, said: 'We are delighted to have been chosen as the key partner for the launch of Ozan. They are providing a new-style wallet to the market and we are proud to partner with clients breaking new ground in payments. We are thrilled that Ozan will be the first third-party programme launched by Moorwand.'
Moorwand Ltd. is an international business that provides payment services to merchants and customers in the EEA. They are licensed by the Financial Conduct Authority of the United Kingdom (license #500709) as a regulated Electronic Money Institution to issue electronic money (e-money) and provide payment services throughout EEA. They are principal members of Mastercard, Visa and UnionPay as an Issuer of payment cards and an Acquirer of payment transactions. www.moorwand.com
Ozan is a new alternative banking platform connecting merchants and consumers globally. Based in London, Ozan is licensed by the UK Financial Conduct Authority as an E-Money Institution. The app enables consumers to easily pay, send, convert, and withdraw money. Ozan simplifies payments for customers through its paperless customer sign-up and verification, numerous payment methods, and minimal consumer transaction fees. For merchants, Ozan offers a configurable client-side integration, customizable fraud tools, and ability to accept payments, pay out, reconcile and settle within one account. Learn more at www.ozan.com