XTB Launches Multi-Currency Wallet and Retirement Accounts

XTB launches a multi-currency virtual wallet and Individual Retirement Accounts (IKE) in Poland. These features offer advanced security and tax benefits to simplify global transactions and enhance investors’ retirement savings.

Key Points:

• XTB launched a virtual wallet with a card supporting seven currencies and advanced security features.
• The new IKE offers tax benefits for Polish investors to boost retirement savings.
• XTB reported $938 million in revenue and over 232,000 new clients, reinforcing its position in the European fintech market.

XTB, a fintech company listed on the Poland Stock Exchange, has made significant strides in its global expansion strategy by launching two innovative financial products tailored for Polish investors. In a bold move, XTB has also introduced a multi-currency virtual wallet and an Individual Retirement Account (IKE) to simplify global transactions and encourage user retirement savings.

XTB Launches Multi-Currency Wallet and Retirement Accounts

The new multi-currency card marks XTB‘s first product launch in a series of innovations, following similar releases in Portugal and the Czech Republic. Expected to be available in Poland within weeks, the virtual wallet will support transactions in seven currencies: EUR, USD, GBP, PLN, HUF, RON, and CZK. This feature also facilitates seamless international transactions, allowing investors to manage their funds more effectively.

Omar Arnaout, CEO of XTB, emphasized the wallet’s benefits, stating, “The XTB mobile wallet provides instant access to investors’ funds and makes daily financial management easier.” The wallet’s key feature is enhanced security, which includes two-factor authentication (2FA) and customizable spending controls, all accessible through the app.

In addition to the virtual wallet, XTB is launching an Individual Retirement Account (IKE) aimed at Polish investors. This initiative is part of a broader effort to promote retirement savings in Poland, where approximately 900,000 individuals currently utilize IKE accounts. Furthermore, with attractive tax benefits, the IKE aims to draw more passive savers into XTB‘s financial ecosystem.

The IKE product will initially be available exclusively on the mobile app, with a desktop version planned to launch in 2025. The account will allow users to invest in fractional shares, providing excellent diversification opportunities, even for those with limited capital.

Additionally, XTB‘s ambitious product rollouts have come as the company reports a substantial revenue increase. Revenue soared to $938 million, and over 232,000 new clients were added to its platform. This growth underscores XTB‘s commitment to establishing itself as a premier fintech application in Europe.

As XTB continues to innovate and expand its offerings, Polish investors can expect enhanced financial management tools and retirement planning options that align with global trends.

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