Compliance meets innovation. Bridging the gap between banking vision and execution for MoneyJar
MoneyJar is a financial services provider reshaping how people manage money. Based in Ireland, they offer a refreshingly simple wallet solution as an alternative to traditional banking.
MoneyJar’s mission is to free their customers from the old ways of banking, reducing stress and improving relationships with money along the way.
SOLUTION USED:
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Wallet as a Service
The business need
MoneyJar had their own mobile application with intuitive design and user-friendly features. What they needed was a regulated partner to provide them the essential infrastructure beneath the surface, including:
- Customer onboarding
- Safeguarding
- Ledger management
- Pay-in and payout processing
- Mastercard issuance and management
- Compliance oversight
Our versatile wallet services have operated on the market for over 20 years. We were excited to craft our tailor-made solutions to MoneyJar’s specific needs. Taking care of the complicated technicalities of wallet management meant MoneyJar could spend more time on their brilliant mission.
The solution
We integrated MoneyJar’s existing mobile integration with PSI-Pay’s client API, enabling customers to access the required functionality. Through our platform, MoneyJar customers were able to:
- Seamlessly verify their identity through our integrated partners
- Request physical and virtual Mastercard payment cards and have quick access to their funds
- Issue personalised local Virtual IBANS for account funding and SEPA bank transfers in Europe
- Process credit and debit card top ups (through our acquiring partners)
- Make instant peer-to-peer transfers within the product
- Top up savings jars whenever required
We delivered a complete solution in just four months (contract signing to live date) – a testament to our agile approach and deep expertise in financial infrastructure.
Our Program Management team continues to work closely with MoneyJar’s Customer Support, ensuring regulatory compliance, fraud management, and smooth relationship handling with scheme and card processing partners.
Safeguarding of funds is ensured through IPS Solutions Ltd authorisation by the Central Bank of Cyprus with passporting rights in the European Union.
MoneyJar now operates successfully in both Ireland and Spain, with plans for further expansion in European markets. We look forward to continuing our strategic partnership while powering their growth journey across the continent.
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