Klarpay extends ACH connections to encompass 40 currencies

Klarpay AG, a global payments solution provider, is expanding its product offering to include local Automated Clearing House (ACH) payments in over 40 currencies. This integration enables faster and more cost-effective cross-border transactions through local ACH systems.

Facts

  • Klarpay AG is extending its product offering to include local Automated Clearing House (ACH) payments in over 40 currencies.
  • The integration of international ACH payments streamlines the process for in-country transfers, reducing clearing times and transaction costs.
  • Klarpay’s customers can now execute cross-border payments directly via local ACH systems within select countries.
  • This new capability enhances the capabilities of Klarpay’s customers, allowing them to process payments both internationally and domestically.
  • The expansion is particularly beneficial for online companies with international operations, social media monetization platforms, freelancers, and online businesses needing to send international payments.
  • Klarpay’s mission is to provide flexible, reliable, and cost-effective payment solutions for clients worldwide.
  • Martynas Bieliauskas, CEO of Klarpay AG, emphasizes that this expansion demonstrates their commitment to driving efficiency and cost savings for their customers.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

City of London Police Launches Fraud Reporting Service

New service aims to streamline fraud reporting for victims in London.Highlights: City of London Police introduces a dedicated...

Workplace Finance Provider Stream Secures $90 Million Funding Boost

The investment aims to enhance services for employees and businesses.Highlights: Stream raises $90 million in Series C funding.Investment...

MPS Criticizes Regulators for Overlooking Financial AI Risks

Calls for expedited regulatory measures to address emerging AI challenges.Highlights: MPS expresses concern over financial AI risks.Regulators urged...

Lloyds Launches AI Academy to Enhance Staff Skills

New initiative aims to equip employees with essential AI competencies.Highlights: Lloyds launches AI Academy for staff skills enhancement.The...