Unit partners with Currencycloud to enable seamless cross-border payments
By Joy Dumasia
Unit, the New York-based banking-as-a-service platform (BaaS), has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to offer their customers an easy, seamless way to fulfil both domestic and international banking needs.
Unit is a banking-as-a-service platform that empowers companies to embed banking features into their product to build and launch next-generation bank accounts, cards, payments, and lending products.
Unit now offers US-based customers the ability to easily make cross-border payments, access FX and wallets, and quickly expand into global markets. The integration with Currencycloud enables customers to speed time to market without having to build these capabilities directly. Unit and Currencycloud can now offer their APIs as a joint solution to their new and existing customers.
Itai Damti, Unit CEO and Co-founder said: “Unit wanted to offer our customers a seamless and fast solution for cross-border and international payments. With Currencycloud, we can better align with our domestic banking providers to create what our customers deserve: a seamless end-customer experience between their domestic and international banking needs.”
Cara Hayward, Director of Strategic Partnerships, North America for Currencycloud, said: “There is high demand for US Fintechs to expand their reach globally. Our partnership with Unit helps FinTech innovators of all sizes have a seamless embedded banking experience domestically and globally.”
Recently, IBS Intelligence reported that Lightyear has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to achieve its goal of removing hidden fees when investing globally. This partnership will allow Lightyear to open up international markets and offer their customers GBP, USD, and EUR accounts so they can quickly deposit, hold and invest in multiple currencies without paying hidden fees.
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