Currensea launches SME card based on Open Banking initiative

Monday 5 October 2020 15:27 CET | News

UK-based fintech Currensea has launched an Open Banking debit card which enables SMEs to make international transactions through their existing bank account without charges.

The solution aims to avoid the admin and due diligence required when creating and managing multiple business accounts while offering 16 interbank currencies, including the South African Rand and Thai Baht.

Founded in 2018 by JPMorgan and Barclays alumni, Currensea is a Card-Based Payment Instrument Issuer (CBPII).

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Keywords: Currensea, SME, payments , international transactions, Open Banking, cards, cross border payments, UK, fintech
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce