OpenPayd, which is an application programming interface (API)- led banking-as-a-service(BaaS) provider, launched InstantFX, which will help clients gain easy access to foreign exchange payments.
Firstly, OpenPayd is a Technology business established in 2015, that provides a wide range of banking and payment services.that provides a wide range of banking and payment services.
InstantFX gives a unparalleled range of payment methods which will be beneficial to it customers, Including access to countries like Saudi Arabia, UAE and Mexico.
OpenPayd also believes that every business should have the access to the “best payment and banking service.” It also believes that it provides services in “flexible, simple and scalable platform.”
“best payment and banking service.” It also believes that it provides services in “flexible, simple and scalable platform.”
It being a single technical integration that allows business to access a suite of services.
Including IBANs, FX conversion, e-money accounts card processing and debit cards, local and international payments
It can be easily integrated with client’s existing technology through API as it is delivered through OpenPayd’s Banking-as-a Service platform.
The InstantFX platform offers automated mid-market spots in eighteen currencies to its customers, with delivery coming through a web front end or an API for full integration.
A feature called currency wallet is enabled so the clients can hold their funds in it.
Clients can also pay out currencies through various networks like CHAPS,FPS,SEPA and SEPA INSTANT, also an update is expected to add real-time settlement and ability to pay out USD in SWIFT,ACH and wire.
frictionless and intuitive payment experiences. Seamless foreign exchange is a big but complex part of that for which many firms still rely on batch processing.”
