UK-based cross-border payments platform Currencycloud has partnered money service operator Windsor First to launch a multi-currency account solution for the latter’s clients. Following this collaboration, Windsor First clients will be enabled to optimise their B2B and ecommerce international payments processes in an easy manner and access a more extensive range of currencies at competitive foreign exchange (FX) rates.

Cross-border payments and how the partnership falls into place The Currencycloud partnership is believed to help Windsor First have an increasingly improved onboarding process for their customers. Furthermore, their clients will be provided with the ability to accept and process multi–currency payments from a multitude of jurisdictions, as well as locally in the US, Canada, the UK, and Europe. Looking to consolidate its global expertise and reputation towards collection and payment solutions, Windsor First aims to offer to their end customers the reassurance of receiving payments into unique, named accounts by leveraging Currencycloud’s multi-currency IBAN solution.

What is more, Windsor First can now access real-time rates, thus being enabled to provide to their clients with the best possible FX prices. When talking about the announcement, Windsor First officials have stated in the press release that they are looking to have cross-border transactions optimised for their clients, so that it becomes a simple digital payment flow for them. Having this aim at its basis, the company believes the Currencycloud partnership to enable them to do that, as they can no provide multi-currency accounts and an improved FX rate, which is thought to allow them to remain competitive within the digital payment and collection market.

Currencycloud representatives added that Windsor First has an understanding of the issues associated with international business and that by providing a multi-currency account, a multitude of said problems can be solved in an immediate manner. Having originated in the UK, Windsor First was founded and managed by professional bankers and digital payment specialists and it aims to provide dedicated digital payment and remittance solutions for ecommerce and business. A licensed institution in Hong Kong China, the company looks to provide to its customers the best alternative to banks, be that traditional, digital, or virtual, by forming partnerships with financial institutions in the fintech ecosystem and deploying human-focused processes and a digital platform.

A Visa solution, Currencycloud offers to businesses the capability to move money across borders and transact in multiple currencies all over the globe, in a fast manner. Their technology enables clients, no matter the industry, to embrace digital wallets and embed finance into the core of their business. From 2012 onward, Currencycloud has processed over USD 100 billion to more than 180 countries, collaborating with banks, financial institutions and fintechs around the world of the likes of Starling Bank, Revolut, Penta, and Lunar.

For the delivery of cross-border infrastructure solutions, the company works with partners such as Dwolla, GPS, and Mambu. The company is regulated in the UK, Canada, the US, and the EU and was acquired by Visa in December 2021. .