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A challenging landscape for international payments

Many of our customers operate globally and are challenged with making international payments to recipients in different countries. There are often complex regulatory and compliance requirements to endure, and varying currency denominations adds additional issues when transferring large volumes of bulk payments across borders.

Traditional payments methods may be time-consuming, complex and costly, leading to delays in disbursement and recipient dissatisfaction as they are usually the ones to burden the inconvenience.

Simplifying payment processes

GlobalSend empowers corporations and financial institutions with a comprehensive solution for managing international cash and making seamless global payments. It uses global domestic payment networks, so the recipient receives full value of the payment amount.

Using a secure and automated pre-validation format to enhance speed and payment accuracy, businesses can send up to 10,000 payments at a time, from a single account held at any bank. Payments can be made in 52 currencies and to 74 countries – with more currencies being released later this year.

With GlobalSend, customers could reduce payment costs, speed up transfer times, improve reliability and operational efficiency.

 

Nick Pedersen, Managing Director, Head of Digital at NatWest, commented: “We’re delighted to launch GlobalSend, an innovative solution to help customers process high volume international payments.  By connecting to global domestic payment networks, GlobalSend makes sending payments in a wide range of currencies faster and more cost-effective, removing intermediary fees and charges.  We’re already hearing that GlobalSend is helping improve our customers’ relationships with their payees, as payments are delivered on time and without fees deducted.”

 

For more information please visit: GlobalSend

 

Product fees may apply. For professional customers only.

* Markets and the value of FX transactions may go down as well as up, and the past performance of a product or transaction is no guarantee of future returns. FX transactions are subject to investment risk, including market fluctuations, regulatory change, counterparty risk, possible delays in repayment and loss of income and principal invested.

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