Cashplus calls on Currencycloud’s special FX for SME payments
The new service, which will also be available to Cashplus personal account customers, is “especially designed to help SMEs do better business abroad by getting a fairer, more transparent deal on the international payments they make each year” and will be available online and via mobile app.
By integrating with Currencycloud, Cashplus says clients can access live foreign exchange rates, and convert into 35 currencies.
Cashplus CEO Rich Wagner says: “The [UK] government talks about making exporting great but as uncertainty abounds regarding Brexit, we saw a need to level the playing field for British SMEs to make slick transactions with overseas operators.”
Wagner adds that these small companies make £163 billion of international payments each year, “often navigating less competitive rates and hidden charges in the process”.
Cashplus is the trading name of Advanced Payment Solutions (APS), and has been Financial Conduct Authority (FCA) authorised and regulated for over a decade.