In an ever-changing world of customer demands, here at Connect Currencies our aim is to assist our customers in navigating the easy route to more efficient, innovative and transparent cross-border payment solutions.
So… What are cross-border payments?
Cross-border payments refer to transactions involving individuals, businesses or institutions operating in at least two different countries; these are classed as international transactions which are inclusive of both wholesale and retail markets. Experts predict that global cross-border payment flows are expected to reach $156 trillion by the end of 2022.
Cross-border payments are central in international finance, however for a long time there have always been challenges faced in this industry. As a company we have highlighted some of the main issues and our aim is to provide a service that reduces the impacts of them. Examples of these are;
– Low speed
– Lack of transparency
– High costs
– Limited access
With us here at Connect Currencies, we plan to make your cross-border payments as fast as possible by giving you a personal account manager that will assist you every step of the way through the whole transaction, no longer will you need to speak to several different people for one transaction. In the way of transparency, we are entirely open about our exchange rates and to reduce costs for our clients we also charge absolutely no transaction fees under any circumstances. Previously in the global market there was a distinct lack of access to certain regions and countries for international transactions, but our platform now offers foreign exchange in 19 different global currencies, in every form of transaction possible, e.g. business to business, consumer to business, business to consumer and consumer to consumer.
Get your currencies connected at Connect Currencies, making your cross-border payment solutions as painless as possible.