Introducing Instant Settlement Accounts - a new way to instantly move funds globally and unlock liquidity
We’ve been working on a new way for businesses to receive and move funds between their corporate accounts globally and in real-time. We know that moving funds cross-border between corporate accounts can take days to settle and can be expensive which leads to your funds being trapped in pre-funding accounts or cross-border payment processing cycles.
Introducing Instant Settlement Accounts, a new feature which enables businesses and financial institutions to unlock the $400 billion in liquidity trapped in cross-border payment processing. Businesses can receive, convert and settle funds instantly between accounts in the UK, Europe and North America, meaning they can optimise liquidity and allocate funds to the most productive uses. This is our largest effort to date in expanding instant money movement capabilities to businesses across the world.
With Instant Settlement Accounts, you can:
- Receive funds locally in major currencies across UK, Europe and North America
- Instantly convert and settle funds cross-border between your accounts in 7 currencies
- Send payments in local currency to bank accounts in 80+ countries and cards in 170+ countries
- Free-up funds tied up in old pre-funding accounts or payment processing
Trade and commerce for medium to large corporates has never been more global, with cross-border payments expected to increase 43% from $39 trillion to $56 trillion in 2030. But while we’re seeing businesses move more money globally, funds are still tied up in pre-funding, payment processing or in delays.
We’re changing this with Instant Settlement Accounts. Now, businesses can easily access local bank accounts for real-time funding and instantly move funds between their Instant Settlement Accounts in different regions. Businesses can send payments through established and emerging payment rails with the confidence that payment will arrive on time and in full.
This means businesses can:
- Reduce funds tied up in external accounts
- Optimise liquidity
- Reduce FX costs and risks
- Gain full control and visibility of your cash position
- Move funds globally, where you want, when you want
Instant Settlement Accounts is powered by the Open Payment Network - Paysend’s leading infrastructure enabling instant global money movement.
Start using Instant Settlement Accounts today. Contact the Paysend Enterprise Sales team to get started and open an account.
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Paysend, the global fintech innovator, proudly marks its 8th anniversary celebrating nearly a decade of bold innovation, strategic partnerships, and customer-driven growth.
Founded in the UK in 2017, Paysend has evolved from a cross-border money transfer startup into a leading global fintech company with a clear mission: to simplify money transfer for all by building the world’s largest open, instant digital payments network. Today, Paysend generates over $100 million in annual revenue and serves over 11 million consumers alongside a growing base of enterprise clients—including global leaders in the money movement and high-growth platforms payroll space.
We’ve been working on a new way for businesses to receive and move funds between their corporate accounts globally and in real-time. We know that moving funds cross-border between corporate accounts can take days to settle and can be expensive which leads to your funds being trapped in pre-funding accounts or cross-border payment processing cycles.