Sokin, the next-generation global payments provider, is poised to shake up today’s remittance landscape with the launch of its Sokin Global Currency Account in the UK and Europe.
Sokin is the first payment platform to take the subscription economy and use it for transfers globally, unlike other well-known brands that charge a per transaction fee of between 5% * and 7%. The Sokin Global Currency account is for consumers who want a low cost alternative to the current system notoriously known to be proprietary and complicated.
Sokin’s Global Currency Account is a handy tool for unlimited international transfers and profitable currency exchange in 38 currencies to over 200 countries and territories for £ 9.99 / € 9.99 per month.
The launch of its global currency account symbolizes Sokin’s commitment to making global payments more open and transparent, removing barriers that have historically hampered access and financial inclusion.
Former England international footballer and Sokin investor Rio Ferdinand commented: “I have seen with my own eyes how difficult it can be to send money abroad. global non-discriminatory payment solution. The subscription model itself isn’t new, but using it for global transfers is. And that makes sense with services like Spotify and Netflix the norm for many. That’s what’s impressive about Sokin: he took a model we all know and created a financial product that people all over the world can use.
Vroon Modgill, CEO of Sokin, said, “As everything else moved forward, global payments and remittances lagged behind, and consumers faced high fees and tedious transactions. So we decided to build something better and on a much larger scale that affects more than 200 countries. We have worked hard to remove barriers often encountered with well-known brands and have improved a process known to be difficult, expensive and time consuming. I am delighted that Sokin is a payment provider that has democratized and simplified the user experience.
The Sokin debit card, which is supported by the Mastercard network, can be used for all daily activities as well as for payments for trips abroad. Debit cards will be available in over 80 countries **.