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Navro Tackles Traditional IBAN Pain Points With New Local Account Offering

The Fintech Times

Formerly known as Paytrix , Navro simplifies payouts and collections for international businesses and has introduced local accounts denominated in all major European and a number of international currencies. However, despite being designed as an international standard, IBANs are often only functional on a domestic basis.

IBAN 59
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MultiPass Secures Licence to Operate in the UAE

Fintech Finance

This milestone marks a significant step in the strategic expansion into the Middle East and will allow our clients to access local currency and payout. For clients, the UAE serves as a strategic gateway to the Middle East, providing path to a broader market and new business opportunities.

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My EU Pay Selects ClearBank to Expand its Client Offerings

Fintech Finance

My EU Pay will use ClearBank’s API to offer its customers real-time clearing, allowing them to access the UK Faster Payments Service and multi-currency services, which have been in demand with their customers for some time.

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ONPEX boosts Wirex's global growth with cross-border payments and multi-currency IBANs

The Paypers

(The Paypers) ONPEX , a provider of multi-currency IBAN accounts, has partnered with UK-based digital money solutions provider, Wirex.

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Navro Launches Local Accounts in Major European and International Currencies for Business Customers

Fintech Finance

The pioneering fintech firm formerly known as Paytrix that simplifies payouts and collections for international businesses, Navro launches local accounts denominated in all major European and a number of international currencies. In other instances, differences in IBAN formats across countries can lead to unnecessary rejections.

IBAN 52
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Neo Reaches Profitability as More Businesses Explore Alternatives to Traditional Banks

The Fintech Times

The Barcelona-based fintech provides a one-stop-shop multi-currency account for corporate treasurers and recorded an annual revenue of over â‚Ĵ5million and an annual profit of â‚Ĵ1million. Neo has been able to help businesses through its multi-currency account.

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Morgan Stanley Expansion Capital Acquires Stake in Global Payments Fintech Sokin

Fintech Finance

Today it enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform. Sokin was founded in 2019 with a simple vision to remove the borders, barriers, and burdens associated with international payments.