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Ebury launches instant payment feature amidst COVID-19 pandemic

eburyUK-based FinTech Ebury rolled out its new feature ‘Ebury Instant’ in a bid to enable clients to make and receive payments immediately irrespective of the currency and the cut-off time. Ebury clients will receive payments immediately and in the currency in which the funds were transferred.

Juan Lobato, Ebury’s CEO said, “Ebury Instant means international transactions which would previously have taken minutes or hours, are now immediate. Making global payments easier, faster, and more flexible is at the heart of what Ebury does. This is a natural progression for us, and one we believe will make a tangible difference to our clients who are able to improve their relationships with buyers and suppliers by using the Ebury global ecosystem. Chasing payments will be a thing of the past for our clients”.

The FinTech has stated that it now conducts double verification before the first payment and has amped up its AML and Screening systems. The development is expected to accelerate business operations for clients and offer support during the COVID-19 pandemic.

Juan Lobato added, “Now more than ever, rapid access to funding is essential for companies, and will remain so over the coming weeks and months. The more agile our payments systems are, the more we can achieve in supporting our clients.”

Recently, Ebury announced that it has received approval to offer SME loans under the Italian government’s guarantee scheme “Garanzia Italia”. The programme aims to assist Italian businesses, with less than 5,000 employees and €1.5 billion turnover, with government guarantees for covering up 90% of the loan value.

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