International companies processing transactions in different currencies often face serious challenges to manually reconcile all incoming payments. With vIBANs, they can allocate a unique virtual account to receive payments from each client, for each currency or product line, or even for each payment, which will then be rerouted to a master bank account.

Companies can use these vIBANs to also process payments in those local currencies there by avoiding exposure to dual conversion using Fairexpay platform.

Fairexpay provides a comprehensive solution to manage all your international & domestic payments as a result, you can send payments in foreign currency, saving on currency-exchange costs and reducing Fx risk.