Currencycloud enables xpate to tap into multi-currency revenue streams

Credit: Shutterstock
Credit: Shutterstock

Currencycloud has partnered with e-commerce payments platform xpate to enable its customers to enter new markets by offering multi-currency online payment methods.

xpate customers will also gain access to competitive FX rates for over 30 currencies and offer instant settlements, giving them greater control and flexibility over their cash flow.

Aleks Sefanovski, Chief Strategy Officer at Currencycloud, commented: “Like Currencycloud, xpate is driven to make frictionless, borderless finance a reality for its customers, opening up low-cost, seamless payments and transactions for everyone.

“We’re looking forward to the continuation of the partnership as xpate continues its mission of enabling its customers to expand their reach, increase their revenue streams, and thrive in the global business landscape.”

xpate’s integrated platform combines card acquiring, payment processing, and banking services, removing the need for merchants to open several business bank accounts with third-party banks or payment service providers. 

This can result in significantly reduced administrative burdens, a pressure for businesses of a scale where unnecessary admin costs can be damaging. 

Mihails Safro, CEO at xpate, said: “We understand the challenges that e-commerce SMEs face managing different currencies and navigating complex FX processes, and xpate’s mission is to solve these for them. 

“Our partnership with Currencycloud brings tangible benefits to our end-users, providing an integrated platform for managing local and global financial transactions. 

“We can give seamless support for merchants who want to transact globally, from efficient payment processing to competitive FX rates, ensuring our customers can optimise their international transactions and maximise their profitability.”