Toqio partners with MeaWallet to enhance digital card solutions for corporate clients.
22 October, London: Toqio is pleased to announce a strategic partnership with MeaWallet, a leader in digital payments and card tokenization. This collaboration will enable corporate clients in the UK and Spain to seamlessly issue digital cards that are compatible with Apple Pay and Google Pay, enhancing their payment offerings and meeting the growing demand for mobile wallet solutions.
Through this partnership, Toqio will integrate MeaWallet's advanced push provisioning technology into its platform, providing businesses with a more efficient and secure way to offer digital cards. This integration allows companies to meet consumer expectations for fast, flexible, and secure payment options, facilitating immediate connection to widely used digital wallets.
Growing demand for digital wallets
The market for mobile wallets is expanding rapidly. In the UK, 38% of online transactions last year were completed using mobile wallets, a figure expected to rise to 50% by 2027. Meanwhile, the digital wallet sector in Spain is projected to grow at a 31.32% annual rate through 2028, reflecting a broader shift towards integrated, digital-first payment solutions. Companies utilizing services like Google Pay and Apple Pay also report a 20% high conversion rate, underscoring the benefits of embracing digital payment technologies.
Statements from leadership
Eduardo Martínez, CEO and Co-Founder of Toqio, commented:
"This partnership with MeaWallet aligns perfectly with our mission to equip businesses with the financial tools they need to succeed. As digital cards become increasingly essential, we are thrilled to work with MeaWallet to enhance our offering and unlock new opportunities for growth and efficiency for our clients."
Ignacio Gironella, Global Sales Director at MeaWallet, added:
"Working with Toqio allows us to push the boundaries of what's possible in digital payments. By integrating our technology, Toqio's clients can now offer a seamless and secure payment experience, instantly connecting users to Apple Pay and Google Pay. We are excited to collaborate with a company that shares our vision for innovation in this space."
Looking ahead
This partnership builds on Toqio's recent collaboration with Visa, which enables clients to issue Visa commercial cards directly from its platform. Together, these alliances demonstrate Toqio's commitment to enhancing operational efficiency and driving new growth opportunities for businesses through advanced financial tools.
To read more about the partnership and the capabilities it unlocks, please visit the official article by MeaWallet here.
About Toqio
Toqio provides businesses with access to cutting-edge financial tools that transform distribution networks, drive growth, and enhance operational efficiency. The platform enables companies to act as connectors between merchants and financial institutions, creating new channels for financial exchange and improving capital flow across networks.
About MeaWallet
MeaWallet specializes in digital payment and mobile wallet technologies, offering state-of-the-art solutions in over 20 countries. As a leader in mobile payments, MeaWallet works closely with key industry players like Visa, Mastercard, and Amex, to deliver fast, reliable, and secure payment products.
For further information, please contact:
James Brilliant
Email: james@brilliantrelations.com
Phone: +44 (0) 207 459 4260