We’re happy to share some fantastic news – we're taking a leap forward to help your business connect with more corners of the world than ever before.
Our journey began with a strong foundation of over 30 currencies, covering many major global economies. But why stop there? Although the dollar remains king in the world of cross-border payments, an increasing amount of business is now conducted in local currencies, a trend that shows no signs of slowing down.
What’s new?
In our quest to build a universal solution for all your global transactions, we’re happy to offer even more currencies for your business to deal in. Now, you'll find over 70 currencies available at MultiPass, including ones from some of the most vibrant and exotic markets around the globe such as Brazilian Real (BRL), Ghanaian Cedi (GHS), South Korean Won (KRW), and many many more. This expansion means that whether you’re venturing into new markets or strengthening existing connections, we’ve got your business needs covered, ensuring transactions reach even the most distant world locations, in the most convenient currency, with the bank-beating exchange rates you’ve come to expect from MultiPass.
Why choose payments in exotic currencies?
Navigating international payments can be complex and costly. Choosing to pay in your foreign recipient's currency can help your business in several ways:
- Explore new markets: Accessing a wider range of currencies opens up new opportunities in markets that may have been difficult to reach before.
- Minimise costs: By paying your overseas supplier or vendor in their local currency, you can negotiate lower prices, extended payment terms and other benefits. This is due to the fact that they typically charge a premium for payments in dollars, euros or pounds to compensate for their currency conversion costs at the unfavourable rates that their banks provide them.
- Speed up your payments: Payments in local currencies can be sent through domestic payment methods (over 20 at MultiPass), which are generally processed much faster than international SWIFT transactions – within hours or a business day.
You can explore more pros & cons in this guide:
Paying suppliers: Is it better to pay in local currency?
Interested whether paying in your supplier’s currency can save your business time and money? Ask your supplier for a quote in their local currency, then contact our team and we’ll be happy to check the available rates for you.