OpenPayd customers will gain the ability to offer automated mid-market spot rates in 18 currencies delivered either through a web front end or an API for full integration. Clients can hold funds in a currency wallet and pay out these currencies through a number of payment networks, including FPS, CHAPS, SEPA, and SEPA INSTANT. In an update scheduled to roll out before the end of 2020, InstantFX will also add real-time settlement, plus the ability to pay out USD via SWIFT, ACH, and Wire.
Thanks to OpenPayd’s global network of partners, InstantFX offers a range of payment corridors, including access to UAE, Saudi Arabia, and Mexico. InstantFX is delivered through OpenPayd’s Banking-as-a-Service platform and can be integrated with clients’ existing technology through an API, according to the official press release.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.