About our Banking Software Provider (Wyre)

  1. Why should Airtm Enterprise clients have a banking connection/ account with Wyre?

In order to add or withdraw funds from your Airtm account via bank transfer, you will require a direct banking connection with our banking software provider Wyre. 

Your company will go through a straightforward KYC process at Wyre in order to enable that banking connection. Airtm will instruct you and assist you during this process.

  1. What is Wyre?

Wyre is a regulated Money Service Business (MSB) founded in 2013. Wyre is a leading infrastructure provider in crypto, bridging the gap between traditional payment processing and digital assets. Read more here.

  1. How Secure is Wyre?

Wyre Payments, Inc. is a federally licensed Money Services Business (MSB) in the USA, registered under FinCEN MSB Registration Number: 31000204884368, whose security and transparency make it a trusted partner to many companies.

Wyre regularly undergoes financial audits to ensure that all of its consumers’ assets are protected and accounted for. 

Read some key points here on how Wyre looks after your funds and ensures secure, reliable payments to partners around the world.

  1. Geographic Restrictions

Wyre is able to provide its services to many countries and regions around the world, however, due to regulatory restrictions, it’s not able to operate in the following regions:

Afghanistan, American Samoa, Angola, Anguilla, Barbados, Belarus, Bosnia & Herzegovina, Central African Republic, Congo (DRC), Cote d’Ivoire (Ivory Coast), Cuba, Ecuador, Eritrea, Ethiopia, Fiji, Guam, Guinea-Bissau, Guyana, Haiti, Iran, Iraq, Kosovo, Laos, Lebanon, Liberia, Libya, Macedonia, Myanmar, Nigeria, North-Korea, Palau, Panama, Papua NG, Russia, Samoa, Serbia, Seychelles, Somalia, Sudan, Syria, Trinidad and Tobago, Turkey, Turkmenistan, Ukraine, US Virgin Islands, Uzbekistan, Vanuatu, Venezuela, Yemen, Zimbabwe.

Wyre operational states in the US:

Arizona, Arkansas, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Washington.

As Wyre is actively working with federal regulations around the world to cover more regions. Please refer to an up-to-date list here.

  1. Prohibited businesses

As part of Wyre’s compliance and security efforts, there are certain business activities that are prohibited on the Wyre platform. Please refer to the full list here.

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