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Klarpay expands ACH Payment offering to include 40 currencies

By Gloria Methri

June 02, 2023

  • ACH Payments
  • Automated Clearing House Network
  • Cross Border Payments
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Klarpay, Cross Border Payments, Automated Clearing House, ACH Payments, Switzerland, Payment Processing, FinTechKlarpay AG, a global payments solution provider, is expanding its product offering to include local Automated Clearing House (ACH) payments in more than 40 currencies. This new capability allows Klarpay’s customers to execute cross-border payments directly via local ACH systems within select countries.

The integration of international ACH payments significantly streamlines the process for in-country transfers, providing faster clearing times and lower transaction costs for both senders and recipients.

“This addition to our platform enhances the capabilities of our customers, allowing them to seamlessly process payments both internationally and domestically, ultimately driving efficiency and cost savings,” said Martynas Bieliauskas, CEO of Klarpay AG. “Our mission is to provide flexible, reliable, and cost-effective payment solutions for our clients around the globe. This expansion is a testament to that commitment.”

In an increasingly globalised world, the ability to perform secure, efficient, and low-cost transactions across borders is crucial. The new multi-country ACH capability is particularly beneficial for online companies with international operations needing to process salary payments, social media monetization platforms paying influencers, freelancers, and online businesses needing to send payments internationally.

The first licensed FinTech company in Switzerland, Klarpay works exclusively with e-commerce, digital entrepreneurs, and social media influencers, to empower digital businesses through borderless, scalable, bespoke business accounts and payment solutions.

Klarpay offers online businesses access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement solutions. Founded in 2019, the company is a deposit-taking financial institution authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) under the Swiss Federal Banking Act, Article 1b.

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