Offer FX payments
Expand your business services to include international payments.
Providing global payments capabilities to your customers not only helps you retain and attract customers, it can also create revenue opportunities for your business.
Offer your customers the ability to receive or make payments in 140+ currencies in over 200 countries and territories.
Your customers could pay less in fees by sending through our 500+ local bank accounts around the world (instead of using local methods like ACH and RTGS).
Partner with us to help your customers manage foreign exchange volatility using Convera’s risk management solutions.
With our compliance capabilities in your local jurisdictions we provide you the confidence you need to extend international payment offerings to your customers while helping manage the complexity.
Quickly and easily send up to 10,000 payments – in more than 140 currencies – through a single API call or file upload.
Small and medium-sized businesses are a vital part of any economy. Aside from their domestic impact, the vast majority are heavily involved in the international market with the number of SMEs doing business in 6+ countries expected to double in the next three years. While this is clearly a large and important sector, these business owners have their own unique operational challenges that can be difficult to resolve. Because of the nature of their cross-border work, many must manage incoming and outgoing payments with vendors, partners, employees, clients and more, which can be labour-intensive and costly. Yet many struggle with access to the tools necessary to make efficient and secure transactions. As businesses grow this problem only increases. As a boutique bank, IUBank attracted many of these business clients with their agile, customized approach, but needed to find a way to tackle this challenge.
IUBank decided to partner with Convera to expand their international payments options. The partnership allows for payments in over 140 currencies in more than 200 countries and territories. Customers simply contact their IUBank representative, who relays up-to-date foreign exchange rates and provides the total cost of the transaction before any payment is made. This transparency allows businesses to have a clear view of their costs without surprise fees or unexpected rates. Such knowledge helps companies more accurately project their finances and maintain a healthy bottom line.