Currencycloud partners with Plaid to deliver payment solution for clients

Wednesday 20 October 2021 11:55 CET | News

Currencycloud, the company simplifying business in a multi-currency world, have agreed to a strategic partnership with Plaid, open finance network and payments platform.

The partnership will deliver new joint solutions to make it easy for firms in the UK, including foreign exchange brokers, fintech companies and banks, to operate in multiple currencies.

Until now, customers using the Currencycloud Direct white label solution have had to leave the app to make a top-up payment into their account from their chosen bank – a very manual, laborious, and time-consuming process. 

The partnership with Plaid allows customers to fund their accounts without ever leaving the platform, simplifying the payment journey. Embedding Plaid’s Payment Initiation Services (PIS) into Currencycloud’s platform means customers will be able to pull money directly into their account from any bank, making the process that much slicker. Following the integration into Currencycloud Direct, the solution will be available across the entire Currencycloud platform. 


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Keywords: Open Finance, payment initiation, FX
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce