London – Sokin, the new generation fintech payment firm, has announced it will be integrating Currencycloud’s local payment rails as part of it’s easy to use, low cost subscription-based money transfers service in over 150 countries, with 35 different currency options.

Sokin has developed a market leading proprietary global payments network for B2B customers which offers a simple app, or online-based platform which allows multiple transfers with no hidden costs, all for a fixed monthly fee.

Vroon Modgill, CEO at Sokin, sees Currencycloud as providing the best in class solution which is the perfect fit with Sokin.  “We have developed our payments network across core market areas, and by working with Currencycloud we can quickly bring all the benefits of our subscription model to a greater number of markets and clients.  Currencycloud provides easy to integrate cloud-based services which can seamlessly support our operations in all the markets we want to offer a service.” he commented. 

Sokin, as a fintech challenger payments firm, gives customers low transfer costs across all markets and currencies without adding on repeat costs or marking-up exchange rates.  Businesses and customers know they will be receiving fast, low-cost and secure payments, with the same level of service for all transactions.

Lauren Passey, Sales Director for Fintech at Currencycloud, said: “Sokin is the type of new generation payments firm which is a perfect partner for Currencycloud.  The focus on customer experience and the need to have very high levels of regulatory oversight and efficient onboarding is what we do best.  Global payments infrastructure is complex and time consuming to navigate so we can allow clients to quickly expand their international networks and know that quality and cost will never be compromised.” 

Sokin allows users to make unlimited payments and transfers for one low monthly fee, starting at US$2.99.  There is no mark-up on transactions and on average prices are 20% lower than other existing payment solutions.  Fast and secure payments are made through Sokin's app covering a range of business and consumer clients.

For more information please go to www.sokin.net 

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For more information:
Stephen Davie
E: stephen@bard-london.com 

About Sokin

Sokin is a next generation financial service provider which enables global payments for both consumers and businesses.  Sokin believes in giving consumers the power to make payments and transfer money as many times as they want per month for one fee.  Whether it’s sending money back home or transfers to friends or even settling with businesses using Sokin is quick and easy.

The current options for transferring money internationally are often complicated and expensive, with often a lack of transparency in the fees being paid.  Sokin’s transparent fixed monthly cost, with no hidden charges, allows users to make payments in over 200 countries and exchange money in over 150 countries in more than 35 different currencies.

The Sokin app is available to download and customers can sign up to receive service updates. 

About Currencycloud

Moving money around the world is hard. Setting up overseas bank accounts and dealing with distinct regulatory regimes takes up time, money, and resources. Currencycloud removes that pain, helping customers achieve their ambitions sooner than they dared dream. With a global, multi-currency account infrastructure, customers are able to collect, convert, pay and manage multiple currencies, anywhere in the world. Launched in 2012, Currencycloud has processed more than $65bn to over 180 countries, working with banks and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam and Cardiff, Currencycloud works with partners including Visa, Dwolla, and Mambu to deliver simple, clear financial infrastructure solutions for clients. They are regulated in the UK, US, and the EU.

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