Remittance network TransferGo has launched a multi-currency business account designed for UK and EU-based global businesses. The new offering allows companies to hold, exchange, send, and receive funds in multiple currencies, addressing common pain points such as high fees, slow transaction times, and complex currency exchange processes.
The B2B account is tailored to simplify international money management, offering competitive currency exchange rates starting at 0.35%, localized payments with individual IBANs, and a unified financial platform that eliminates the need for multiple accounts.
Daumantas Dvilinskas, CEO of TransferGo, emphasized the cost-effectiveness of the new service, stating that it is up to nine times more affordable than traditional high-street bank offerings.
This move marks TransferGo’s strategic expansion into the B2B sector, leveraging its expertise in cross-border payments to meet the growing needs of global businesses.