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Wirex and Polygon collaborate for launch of new payment method in India on mass-market wallet

May 24, 2022

The Wirex Wallet is available globally and was created to make the benefits of DeFi available for everyday users

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Wirex and Polygon collaborate for launch of new payment method in India on mass-market wallet. Source: wirexapp.com

Wirex, a leading crypto payments company, is expanding the suite of top-up methods on their non-custodial wallet for Indian customers. The addition of this popular payment option to purchase crypto will make the digital economy more accessible for over 1 billion people in India.

Considered one of the most accessible wallet products available, it offers an industry-leading user interface and high level of convenience, allowing users to manage over 100 different cryptocurrencies and NFTs from their mobile device.

Wirex prioritises security, with resilient multi-computation (MPC) technology as well as a unique, keyless access system using biometrics.

The company has now made it easier than ever for Wirex Wallet users in India to purchase crypto such as MATIC, BTC and DOGE, by adding another reliable, well-known payment method using mobile payment and bank transfer.

This comes in addition to debit/credit and Apple/Google Pay options already available. With a direct on-ramp in place, it will save users large amounts of time, effort and gas fees without the need to exchange on other platforms.

Having already gained a global reputation for innovation, we’ve released the Wirex Wallet to enable mainstream users to benefit from DeFi. Extending the features and functionality for customers in India is the next step in this. As the largest crypto market in the world, it’s important that we provide a best in-class experience for users by offering the ultimate convenience, flexibility and security when using the app
Pavel Matveev, CEO and Co-Founder of Wirex

Wirex has rapidly expanded the blockchains offered on the Wirex Wallet to give users more choice, including Ethereum, Fantom, Avalanche, Binance Smart Chain, and recently, the Polygon blockchain. Combining the best of Ethereum and sovereign blockchains, Polygon has already proven hugely popular across the globe thanks to its low fees, fast transaction speeds and highly secure nature.

Wirex continues to add new features and functionality to its user-focused platform and its expansion of payment methods will add to its work in onboarding new users as seamlessly as possible. Polygon is delighted to be a part of these efforts, and we hope we can do our part for the increased adoption of cryptocurrencies around the world
Antoni Martin, Enterprise Lead at Polygon

The launch of the Wallet develops the global Wirex ecosystem and bridges the gap between the traditional and digital economies. The award-winning Wirex app has already proven hugely popular with Indian customers, offering the ability to buy, hold, exchange and sell 50+ currencies from a single, intuitive app. In-app, users can benefit from their DeFi savings product, X-Accounts, to earn up to 20% APR?interest on crypto funds.

Today’s announcement follows the release of a series of new alternative payment methods on the Wallet for those living in Malaysia, Indonesia and Portugal, and in the coming weeks, Wirex plans to add the Solana blockchain.

We’ve reported that NEAR launches regional hub in The Balkans to lead blockchain innovation and talent development.

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