# Money

## Overview

**Money** is Victoi's multi-currency wallet and payments product. It lets a single person hold, send, receive, convert, and spend more than forty currencies — fiat and stablecoin — from one balance, using whichever payment rail is fastest and cheapest for the destination.

The product is built on a simple idea: money should move the way the people sending it actually move. People live across borders, get paid in one currency, pay rent in another, send to family in a third. Money in Victoi follows that life. One account, every currency, every rail.

## Key features

- **Multi-currency wallet.** Hold 40+ fiat currencies in named sub-wallets — USD, EUR, GBP, BRL, MXN, NGN, ZAR, KES, and many more — alongside USDC and USDT stablecoins. Each currency keeps its own balance; there is no forced base currency.
- **Real mid-market conversion.** Move between currencies at the real mid-market rate. No marked-up "tourist" FX.
- **Send on any rail.** SEPA and SEPA Instant for euro; Faster Payments for sterling; ACH and wire for US dollar; Pix for Brazilian real; SPEI for Mexican peso; PayShap for South African rand; M-Pesa for Kenyan shilling; mobile money across West and East Africa; and on-chain transfers in USDC and USDT. Victoi picks the right rail automatically based on the recipient and the currency.
- **Send to any phone, any bank, or any wallet.** Recipients do not need a Victoi account. Money lands in their bank, mobile-money wallet, or as a claim link.
- **Virtual and physical Visa cards.** Tap to pay anywhere Visa is accepted. The card settles in your local currency at the real rate — no surprise FX markup at the till.
- **Receive in any supported currency.** Each sub-wallet exposes the local account details people are used to (IBAN, sort code, ACH numbers, Pix key, etc.), so salaries, invoices, and refunds land directly.
- **One balance, one history.** Every wallet, every rail, every card transaction sits in one chronological history with clear labels and exchange snapshots.

## How it works

A new user opens an account, completes identity verification once, and immediately has access to wallets in their home currency plus any others they add. From the home screen they can:

1. **Top up** a wallet — by bank transfer in any supported currency, by stablecoin deposit, or by adding money from their existing bank card.
2. **Convert** between wallets at the mid-market rate with a single tap.
3. **Send** to a phone number, account number, mobile-money number, IBAN, or on-chain address. Victoi routes the payment over the rail that is fastest and lowest-cost for that destination, in the currency the recipient wants to receive.
4. **Spend** with their Victoi card — virtual instantly, physical by post. The card draws from whichever wallet they choose, in the local currency of the merchant.
5. **Track** every movement in the activity feed, with the rail and rate clearly shown on each transaction.

## Use cases

- A freelancer in Lagos invoices European clients in EUR, holds the balance as EUR, converts a portion to NGN when the rate suits them, and spends locally with a Victoi card.
- A family in São Paulo sends weekly support to a grandparent in Lisbon by topping up their BRL wallet, converting to EUR, and sending over SEPA Instant — the grandparent's bank receives euros in seconds.
- A founder in Nairobi pays a remote contractor in Manila in USDC for predictable cost, then later swaps to KES at the mid-market rate.
- A student studying abroad receives their stipend in GBP via Faster Payments, holds it as GBP, and taps their card to pay for groceries — no double conversion.
- A small business takes payment in dollars from US customers (ACH) and rand from South African customers (PayShap) into the same account, then converts to a single operating currency for payroll.

## FAQ

**Which currencies can I hold?**
More than 40 fiat currencies — including USD, EUR, GBP, JPY, BRL, MXN, NGN, ZAR, KES, GHS, UGX, TZS, INR, IDR, PHP and many more — plus the USDC and USDT stablecoins. Each is a real, separate balance.

**Do recipients need a Victoi account?**
No. Money can be delivered to any bank account, mobile-money wallet, or phone number on a supported rail. If the recipient is on Victoi the transfer is instant and free.

**How does Victoi pick which rail to use?**
Automatically. For each destination Victoi compares the available rails — SEPA, ACH, Pix, M-Pesa, mobile money, on-chain, and others — and picks the combination that delivers the right currency to the recipient fastest and cheapest. The chosen rail is shown before you confirm.

**Is there an FX markup?**
No. Currency conversion happens at the real mid-market rate. Fees, when they apply, are shown clearly and separately before you confirm.

**Can I get a physical card?**
Yes. A virtual Visa card is available immediately after sign-up; a physical card can be ordered and posted. Both run on Visa and work wherever Visa is accepted.

**Where is my money held?**
Funds are held with regulated banking partners. Stablecoin balances are held on-chain. Victoi does not lend out user funds.

**Which countries can I use Victoi Money from?**
Coverage is expanding. The supported-country list inside the app is the source of truth; if your country is not yet supported, the app will say so during sign-up.

## Related products

- **Messager.** Send money inside a chat thread — the conversation and the payment in one place.
- **Invest.** Move money between your wallet and your investment positions without leaving the app.
- **Jangi.** Contribute to savings circles and group treasuries from any wallet.
- **Travel.** Pay for flights and hotels directly from your Victoi balance, in your chosen currency.
- **Viki.** Ask Viki to send, convert, or top up by voice or chat.