The new multi-currency capabilities include the Swiss franc (CHF), Czech koruna (CZK), Danish krone (DKK), British pound (GBP), Hungarian forint (HUF), Norwegian krone (NOK), Polish zloty (PLN), Romanian leu (RON), Swedish krona (SEK), and the US dollar (USD). Additionally, Bulgarian lev (BGN) and Icelandic króna (ISK) are available on request. This expansion allows Pliant customers to settle transactions and bill in the same currency, which can be useful for businesses dealing in significant volumes of non-euro currencies.
Regarding these new developments, officials from Pliant commented that the collaboration with VVRB represents a significant step as the company moves into new markets. They highlighted that expanding refinancing options with external partners allows Pliant to offer multi-currency credit lines, positioning it as the first digital card provider with this feature.
Representatives from VVRB stated that the partnership with Pliant aligns well with VVRB’s established lending business. They noted that their corporate clients have long had access to foreign currency loans, and this partnership allows the bank to extend similar benefits to their new cooperation partners. They further pointed out that Pliant has already seen success with its Euro-based credit card services, and the bank is now looking to foster further growth through the introduction of multi-currency funding solutions.
In 2023, Pliant successfully extended its Electronic Money Institution (EMI) licence to cover all EEA countries. This regulatory approval allows Pliant to offer various financial products and credit lines across the region.
Founded in 2020, Pliant provides companies with solutions for managing physical and virtual credit cards, automating payment processes, and tracking spending through an app and API. The company aims to streamline corporate payments and integrate them into business finance systems.
Vereinigte Volksbank Raiffeisenbank eG (VVRB) is a credit union with over 65,000 members, offering comprehensive banking services. Based in Southern Hesse and Churfranken, the bank focuses on financing and securities and has a long history of innovation in these areas.
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