Transforming Cross-Border Payments with Vivowire
Taking remittances from
from days to seconds.
Background
Founded in Sweden, Vivowire was created to tackle the inefficiencies in international money transfers. Millions rely on remittances, yet traditional services remain slow, expensive, and lacking transparency.
Vivowire provides a fast, cost-effective, and secure alternative. It leverages modern financial technology to make cross-border payments seamless and accessible. With a strong focus on financial inclusion, Vivowire ensures that sending money abroad is no longer a burden but a simple and affordable process.
Challenge
Cross-border payments are often expensive, slow, and complex, creating barriers for consumers who rely on remittances. Traditional services involve multiple intermediaries, driving up costs and making transactions less accessible. High fees and unpredictable exchange rates further reduce the value of transfers.
Processing delays add to the frustration, with many international payments taking days to complete. Consumers need faster, more reliable solutions, especially for urgent transfers. At the same time, navigating complex regulatory requirements across multiple countries adds inefficiencies and costs.
Financial inclusion remains a challenge, with many lacking access to fast, affordable, and user-friendly payment options. Vivowire set out to change this by eliminating unnecessary fees, accelerating transactions, and ensuring seamless compliance – all while delivering a secure and frictionless payment experience.
Brite eliminates the need for intermediaries, which reduces costs related to card payments. This efficiency allows us to offer lower fees while maintaining profitability.
Solution
To solve the challenges of slow, costly, and complex cross-border payments, Vivowire partnered with Brite Payments to provide a fast, cost-effective, and transparent alternative to traditional remittance services. By integrating Brite Instant Payments, Vivowire enables direct account-to-account (A2A) transfers, eliminating intermediaries and reducing consumer costs.
Brite’s open banking infrastructure and payments network, Brite IPN, ensures transactions are complete within seconds instead of days, significantly improving the user experience. Consumers also benefit from real-time tracking, which provides full visibility over their transfers and eliminates uncertainty.
Another key focus is navigating complex regulations. Operating under Swedish financial regulations and European PSD2 standards, Vivowire ensures secure and compliant transactions across multiple jurisdictions. With Brite’s seamless integration, Vivowire can maintain strict KYC and anti-money laundering measures while keeping the payment process simple and frictionless.
By leveraging Brite’s instant A2A payments, Vivowire is redefining international money transfers – making them faster, more affordable, and more accessible for consumers worldwide.
Results
Cost Savings
By integrating Brite Instant Payments, Vivowire has reduced transaction costs by eliminating intermediaries. This efficiency allows Vivowire to pass lower fees on to its customers while maintaining profitability.
Operational Efficiency
Since implementing Brite’s technology, Vivowire has improved payment reliability, reduced transaction failures, and minimised the risk of chargebacks. Customers now enjoy a smoother, more efficient experience.
Regulatory Compliance
Vivowire is a licensed payment provider operating under Swedish financial regulations and PSD2 standards. Partnering with Brite ensures that Vivowire maintains the very highest security and compliance standards.
Seamless User Experience
Brite’s API-first approach enabled fast and hassle-free integration for Vivowire, allowing customers to complete transactions without downloading additional apps or registering new accounts.
The good thing about Brite is that they understand young startups. They listen, understand needs, and offer a service that fits your business’s requirements.
