Whitepaper
Fostering Innovation: from ideas to action
You take care of your customers while Currencycloud takes care of your payments
For MSBs who are currently underserved by big banks, Currencycloud offers a globally regulated, comprehensive payments and FX platform built on a full stack of APIs that simplifies your business so you can focus on your customers. Our payment platform easily integrates with your ecosystem, enabling you to get to market fast while offering end-to-end automation, liquidity redundancy and immediate expansion into global markets — complete with full-scale compliance support.
Regulation is a painstaking process
State-by-state licensing can take several years to overcome, and expanding overseas is no easy task either. Leverage our regulation to achieve instant access to 35+ currencies in over 200 countries across the globe.
Distrust from banks can be a massive barrier
Since derisking has taken hold of the industry, MSBs have faced reluctance from the banks they rely on to operate. Take advantage of our international payment network and gain easy access to FBO accounts, IBANs, VANs and NOSTRO accounts.
Compliance is a burden
Regulatory compliance is often the most strenuous challenge faced by MSBs. Outsource your KYC and compliance efforts to our team of expert staff, allowing you to focus on what really matters: your customers.
Liquidity is a necessity
Money service businesses need liquidity to ensure smooth flow of operations and hedge against risk. Currencycloud provides an excellent source of liquidity redundancy for MSBs looking to hold currencies in a variety of markets.
Features and Benefits
End-to-end payments automation
Significantly reduce labor hours and increase efficiency by automating each step of the payment process, allowing you to focus on growing your business.
Features and Benefits
Own the customer experience
Our white-label design allows you to integrate our technology within your platform while maintaining your brand. No separate payment portals. No friction. Just a smooth, seamless payment experience.
Features and Benefits
Access our extensive local payment network
Leverage our network of local payment rails to send low-value payments more efficiently and at a lower cost, allowing you to better serve your customers.
Features and Benefits
Unlock real-time wholesale rates
Our platform provides real-time rates close to the mid-market rate, enabling your money service business to keep pace with the competition and provide the best possible price.
Features and Benefits
Complete and total transparency
No hidden markups or fees. We give you visibility into your rate as well as the rate we get from the bank. Eliminate reconciliation errors by sending money to international beneficiaries via our local payment network.
Features and Benefits
Monetize FX rates and drive revenue
With your new low rates, you can choose to mark up your FX conversions to create a new stream of revenue, or pass the savings onto the end-user, adding value to your service.
Our work in this space
4 weeks
Average implementation time1.6M+
Platform end users$75M+
Processed through Currencycloud every day on averagePartner with Currencycloud
Unlike other integrated payment solutions, Currencycloud acts as a true partner in the growth of your company. Our expert staff will be on-call to help you every step of the way, from implementation to ongoing operations.
