Hubpay Unveils Digital Global Currency Account for UAE
This solution empowers businesses to manage funds across 38 currencies, including USD, within a single multi-currency business account and IBAN.
The financial technology firm and the first independently licensed company in the UAE to offer digital payments, Hubpay, is gearing up to launch its digital global currency account.[1]
This solution empowers businesses to manage funds across 38 currencies, including the USD, within a single multi-currency business account and IBAN number.
Users can create named accounts, streamlining fund management processes without the hassle of dealing with multiple currencies.
For businesses dealing with various currencies, this means attaching only one IBAN number to an invoice, with the program automatically reconciling the currency, saving valuable time on invoicing and reconciliation processes.
Hubpay's digital global currency account offers expedited settlements, enabling businesses to venture into new global territories with same-day and next-working-day transfers.
It also offers flexibility with no minimum balance per currency, along with lower and instant conversion rates when transferring funds between different currencies, all under the same IBAN.