bunq and Currencycloud partner to provide users multi-currency accounts
By Joy Dumasia
bunq, the Amsterdam-based digital challenger bank, has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, to deliver a truly international bank account for the post-pandemic era.
Whether getting paid or making a payment, bunq’s multi-currency accounts with enhanced local capabilities will give users the freedom and control to manage, receive and pay funds in different currencies.
Initially, bunq customers will benefit from five new currencies, including USD and GBP accounts. These are in addition to the existing Euros accounts that can accept funds via SWIFT and local payment schemes, delivered using the Currencycloud Spark multi-currency e-wallet solution.
Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions, and Fintechs worldwide, including Starling Bank, Revolut, Penta, and Lunar. Currencycloud gives businesses the capability to quickly move money across borders and transact globally in multiple currencies.
Ali Niknam, Founder and CEO of bunq, commented: “We are truly excited to launch our ‘Local Currency’ account today. This will bring huge benefits to all bunq personal and business users, giving them the freedom to easily use multiple currencies without ever have to leave the bunq app.”
Nick Cheetham, Chief Revenue Officer at Currencycloud, said: “We have watched bunq go from strength to strength across Europe, and we are thrilled to be working with them to expand their offering and reach new markets through the benefits offered by Currencycloud Spark.”
Recently, IBS Intelligence reported that Currencycloud, the experts in simplifying business in a multi-currency world, have agreed to a strategic partnership with Plaid, an open finance network and payments platform, that will deliver new joint solutions to make it easy for firms in the UK, including foreign exchange brokers, FinTech companies and banks, to operate in multiple currencies.
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