According to the press release, leveraging each other’s expertise, the combined value proposition will deliver a complete, enterprise-grade, off-the-shelf and pre-integrated solution. It will enable businesses to offer customers compliance and regulatory infrastructure, cross-border payments infrastructure, real-time FX for overseas card transactions, access to a global banking network, multi-currency accounts, banking cards, and much more.
Moreover, thanks to the initiative, fintechs can now upgrade their existing product offerings and launch dynamic new services, including:
Multi-currency wallets
Using Currencycloud rates, customers can fund up to 34 foreign currency wallets with real-time wholesale rates, allowing consumers to purchase currencies ahead of travelling and while on the go.
Competitive FX rates for 38 currencies, including restricted and non-restricted currencies, and nearly 300 currency pairs.
Guaranteed weekend FX rates.
Point-of-sale (POS) FX
Cardholders benefit from transparent, competitive, real-time FX rates when making purchases abroad and can choose to be notified of the amount spent in their domestic currency via push notifications on mobile devices in real time.
By securing a guaranteed and real-time FX rate at the point of sale, ensuring it is locked in through to clearing and settlement, cardholders now know exactly what overseas transactions cost at the point-of-sale.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now