Rêv enters the US payments market with the launch of the super app X World Wallet ™
AUSTIN, Texas – (COMMERCIAL THREAD) –Today, RÃªv USA, Inc. (“RÃªv”), a payment product innovation company, announced the national availability of The X World Wallet, an application-based multi-currency debit account combining a program. loyalty program, a travel booking portal and discounts, with an integrated global sustainability initiative. The X World Wallet account is easy to load from a user’s existing bank account (s) and is linked to physical and digital Visa cards that can be easily added to Apple, Google, and Samsung Pay digital wallets for convenience.
âWe are proud of the value that The X World Wallet provides to customers,â says Roy Sosa, CEO of RÃªv USA’s parent company, RÃªv Worldwide, Inc. âIn a world of high interest rates, we have purposefully built an exclusive loyalty program on a debit platform so that customers can earn maximum rewards without the burden of the high annual fees and interest charges that too often accompany affinity credit cards â, a- he added.
The X World Wallet will be marketed directly to consumers and through strategic partnerships that include community banks and credit unions, among others. Christopher C. Doyle, President of Texas First Bank, Member of the Board of Directors of the Independent Bankers Association of Texas (IBAT) and Member of the Payments and Technology Committee of the Independent Community Bankers of America (ICBA), said, âThe X World Wallet offers a world-class digital experience and functionality. It offers a collaborative model where RÃªv helps banking partners like us create new sources of revenue and respond quickly to our clients’ demand for robust and competitive fintech products in the market today.
Based on nationwide consumer spending reported by Visa and Mastercard, digital payments have skyrocketed during the pandemic and continue to gain popularity around the world, in part thanks to new fintech products offering easy services. to register, mobile-centric, plug and play. In the United States, Visa’s own research confirms that tap-to-pay transactions have increased 30% year-over-year, and a recent finder.com survey found that approximately 150 million Americans have used a digital wallet at some point, reflecting an increase in wallet adoption.
The availability of The X World Wallet in the United States is a homecoming for the founders of RÃªv, Roy Sosa and Bertrand Sosa, who also founded Netspend, a leader in the prepaid debit industry. RÃªv has focused in recent years primarily on providing payment products to overseas markets, including Europe, Australia, Brazil and the Middle East.
Non-Credit Check, No App Reloadable Visa X World Wallet â¢ Debit Cards available on Account X are issued by Texas First Bank, under license from Visa Inc. and subject to cardholder’s terms and conditions. There are no offline or online purchase transaction fees, or foreign conversion fees when using the Visa X World Wallet card (s). Standard ATM fees and applicable exchange rates apply. For more information on The X World Wallet, visit xworldwallet.com.
RÃªv is a fintech company, founded by prepaid debit industry pioneers Roy and Bertrand Sosa, dedicated to delivering innovative payment experiences to consumers around the world. Its solutions are based on the company’s proprietary multi-currency and multilingual payment processing platform. With extensive experience in developing a number of firsts in the payments industry, RÃªv focuses on the general and international banking and travel sectors. RÃªv has partnered with companies around the world to launch products in North America, Latin America, Europe, the Middle East and Asia-Pacific. Learn more about revworldwide.com.
About Texas First Bank
Texas First Bank, founded in 1973, operates along the Texas Gulf Coast and provides business and personal banking services, including checking, savings, insurance, investing, and treasury products. The bank provides a robust suite of cardholder services that encompass credit, debit and prepaid programs. For more information visit texasfirst.bank.