Cross-border money transfers

International money transfer services and fintechs can leverage our Multicurrency Account API to allow users to hold and manage balances in the different currencies we provide. This API can enable these platforms to offer more competitive exchange rates to their end users and reduce the costs associated with currency conversion.

International trade

Import and export businesses can use Fincra’s Multicurrency Accounts to receive payments and keep balances in those currencies. These businesses can avoid currency exchange fees and reduce their exposure to currency exchange rate risk.

E-commerce

Fincra’s Multicurrency Account is perfect for e-commerce businesses to hold and manage balances in different currencies. This Multicurrency Account also aids expansion into new markets and helps attract global customers.

Professional services

A professional services company that provides consulting, legal, advertising, marketing or other services to international clients may use the Multicurrency Account to hold and manage balances in different currencies. This account can allow the company to invoice and receive payments from clients in multiple currencies efficiently.

Remittance

The Multicurrency Account can be helpful for businesses that cater to individuals in Africa that receive remittances from family members living abroad. It can allow them to hold and manage balances in different currencies, which can be convenient for making purchases and paying bills.