OpenPayd, a leading provider of financial infrastructure, today announced a significant expansion of its multi-currency account offering to global businesses. OpenPayd clients across all key verticals will now be able to access over 70 currencies across its banking and payments infrastructure.
OpenPayd’s currency coverage across its banking and payments infrastructure enables clients to make and receive payments in more than 70 currencies. This product expansion addresses the critical market gap for high-growth, digital-first sectors that are global by nature and require global financial solutions.
These industries process trillions in value and require programmable money exchange and movement that matches their clients’ need for an instant experience. OpenPayd’s comprehensive coverage enables these sectors to access global markets through a unified infrastructure, eliminating the fragmented approach that forces them to manage multiple providers across different jurisdictions.
As part of the expansion, OpenPayd clients can now open and hold currency accounts in a choice of more than 35 major global currencies, including USD, GBP, EUR, CHF, CAD, JPY and AUD, through a single API. This more than triples the platform’s account coverage, delivering unmatched reach, flexibility and control over international financial operations. Businesses can open accounts in any of these currencies, then collect, reconcile, and make end-user payments via dedicated virtual IBANs. They can also convert funds across currencies with real-time settlement at wholesale FX rates.
Barry O’Sullivan, Director of Banking & Payments at OpenPayd, said, “Through this latest infrastructure enhancement, businesses can now gain access to a global network of currencies, automated reconciliation, real-time FX trades, and seamless cross-border flows via integrating a single API. The result is streamlined operations and greater efficiency at a lower cost.”
The announcement follows the launch of OpenPayd’s stablecoin infrastructure and builds on its extensive banking network. By continuing to scale its currency offering, OpenPayd further strengthens its ability to provide clients with a seamless, regulated entry point into global multi-currency operations.
