Global Processing Services, Currencycloud partner to offer cross-border payments solution

Tuesday 29 June 2021 13:04 CET | News

Global Processing Services (GPS) has joined forces with Currencycloud to widen access to cross-border payments for financial institutions and fintechs, providing a passport to a post-COVID-19 world.

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.

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Keywords: Currencycloud, partnership, cross-border payments, FX , online payments
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce