Worldline, a provider of payments and transactional services, has signed a partnership deal with fintech start-up SnapSwap for the mobile payment application Gloneta.
SnapSwap's Gloneta app is a combination of social networking, mobile messenger and instant free money transfers. It implements Blockchain-technology to allow instant money transfers without a bank at zero or very low cost.
The app will be available on iOS and Android in all EU-countries from the beginning of August 2016 and will support Euro, British Pound and US Dollar. The company intends to add support for other currencies and new functionalities soon.
Under the deal, Worldline will provide secure card payments services to Gloneta by developing new technologies and sharing expertise in fraud management.
To send money end users can charge their wallet in the app by transferring money from their bank to their own Gloneta IBAN account. The new partnership between SnapSwap and Worldline will soon allow them to safely link their credit card to Gloneta too.
Worldline Benelux CEO Willy Walraeve said: "At Worldline, connecting and securing transactions is our core business. With our technological expertise covering the whole payment value chain, with millions of highly critical transactions running through our systems and with our expertise on credit card fraud, we offer partnership opportunities to support the payments of the future. Worldline continues to seek out innovations in payment solutions to stimulate a cashless society – and the economy as a result."
SnapSwap founder and CEO Denis Kiselev said: "Worldline's expertise in electronic payments and its unique risk management solutions will help us to expand the Gloneta offering beyond a peer-to-peer platform. We will continue building Gloneta in a way that delivers real value to our customers and at the same time let them have fun and enjoy the experience."