Trading 212, an FCA-regulated online broker offering trading services, is partnering with Paynetics, the European embedded finance provider, to integrate multi-currency accounts and card payments within its trading services.
As Trading 212 continues to broaden its services, its latest partnership will see it leverage the Paynetics infrastructure – enabling its customers to use their account balance for everyday spending without having to cash out.
Paynetics’ embedded finance technology enables Trading 212 to provide this new card product to its customers, offering more comprehensive access to financial services through a single app.
Ivo Gueorguiev, co-founder at Paynetics UK, commented on the partnership: “Trading 212’s innovative technology condenses a complex world into a simple and accessible app available in people’s pockets.
“By using Paynetics’ infrastructure, Trading 212 will be able to continue empowering investors with the ability to scale their trading globally. We look forward to working with Trading 212 as it disrupts the stock market.”
With over 115 embedded finance clients, Paynetics empowers customers to design, build and operate financial products, drive innovation, foster financial inclusion, and augment social impact with sophisticated payment infrastructure.
Kaloyan Yanchev, head of payments at Trading 212, also added: “Democratising savings and investments is something that we’re very passionate about and this partnership allows us to increase the capabilities of our commission-free platform for our customers.”
Headquartered in London, Trading 212 provides regulated investment services, saving and active trading in the global financial markets. The app makes savings and investments accessible to everyone by offering an easy-to-use yet powerful investment platform.
