Case Study: Fidor Bank achieves a multi‑currency e‑wallet and low‑cost real‑time FX with Currencycloud

Making multi-currency eWallets possible with Fidor Bank

Fidor Bank, a 100% online, community-driven bank based in Munich, wanted to offer customers a regulated multi-currency eWallet (FidorPay) that rewarded social engagement and let users buy currency, make payments and view balances across accounts. To deliver real-time foreign exchange, low-cost payments and broad currency coverage without building costly infrastructure, Fidor Bank partnered with Currencycloud and integrated Currencycloud’s Payment Engine via its API.

Currencycloud’s Payment Engine was quickly connected into Fidor’s systems, enabling a multi-currency eWallet supporting GBP, USD, CHF, NOK, TRY, PLN, AUD and NZD, real-time connectivity to multiple rate sources and access to payments networks. The Currencycloud integration delivered fair, transparent exchange rates, faster market expansion with lower capital expenditure, high availability and an improved customer experience—customers can now make payments, transfer funds and view multi-currency balances seamlessly.

Fidor Bank