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EQWIRE, a UK Electronic Money Institution licensed and regulated by the Financial Conduct Authority, has launched a digital platform for money management and international payments. The FCA-authorised firm, operating under firm reference number 901100, aims to address inefficiencies in cross-border transactions through a technology-first approach.
Global cross-border payments are projected to exceed €268 trillion by 2030, driven by the globalisation of trade and remote work. However, international transactions continue to face delays and hidden fees due to outdated banking systems.
The platform offers multi-currency electronic accounts in GBP, EUR and USD, allowing customers to send and receive funds via FPS, SEPA and SWIFT. Users can manage payments online and open accounts remotely without visiting physical offices.
EQWIRE's solution targets freelancers, small and medium-sized businesses, and international companies requiring infrastructure for daily payments. The platform combines multi-currency e-money accounts, instant onboarding and institutional-grade compliance within a single online system.
Arthur Azizov, Founder of EQWIRE, said:
"EQWIRE was created as a response to the growing business need for transparent, flexible and secure solutions for international payments. We strive to simplify the movement of money around the world while maintaining the highest standards of compliance and trust."
Arthur Azizov, Founder of EQWIRE
The platform is built on proprietary technological architecture, providing instant connection to payment networks and API integration for businesses. All client funds are stored in segregated accounts and protected in accordance with Electronic Money Regulations 2011.
Electronic Money products are not covered by the Financial Services Compensation Scheme. However, funds are held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011.
EQWIRE is currently available to customers from the UK and a number of approved jurisdictions, including Canada, Switzerland, Australia, Monaco, Jersey and Mauritius.
EQWIRE is a UK Electronic Money Institution authorised, regulated and supervised by the Financial Conduct Authority. The firm operates under the legal entity EQWIRE UK Limited.
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