O P E N P A Y D
hours of processing admin and keeps the cross-border payment experience positive for the end user. Multi-currency accounts can also play a significant role in improving transfers around the globe. A tech- forward approach enables consumers and businesses to simultaneously hold funds in multiple currencies and convert them effortlessly. Legacy technology was not created to support this type of user-friendly, instant conversion of currencies. Those barriers are now being lifted, but to be truly impactful we need to bring all of these elements together. FINANCIAL INFRASTRUCTURE The future of finance is money moving instantly between any two parties, anywhere in the world. At OpenPayd, we’re creating a universal financial infrastructure to make that happen. We support 650+ enterprise businesses, processing over $100billion annually across more than 28 million transactions. MAKING THIS HAPPEN WITH A UNIVERSAL
Our multi-currency accounts, unlimited number of virtual IBANs and access to 75-plus payment rails around the globe are making it easier to move and manage money globally. We are constantly building out our network of banking partnerships to improve our capabilities. Looking to the future, stablecoins are set to become the dominant force in cross-border payments. A rails-agnostic approach, combining traditional finance and digital assets under a single API, will be key in serving the payment and banking needs of tomorrow. More use cases appear every day that require fast and frictionless cross-border payments and it’s hard to imagine a future in which their importance declines. We’re much more likely to exceed the current predictions on cross-border payments, and we’re going to need infrastructure that encourages that growth. OpenPayd exists to meet that challenge, and we will continue to support enterprise businesses of all industries with a better approach to payments and banking. Any business. Anywhere. Any web.
WHO WE ARE
AT A GLANCE
At OpenPayd, we’re building a universal financial infrastructure to power the growth of the digital economy. With a growing network of licences across the UK, EU and North America, OpenPayd provides seamless API- driven access to global financial services. Over 650 businesses across various industries can issue accounts, process international and domestic payments via different rails and currencies, and trade both fiat and crypto – all through a single integration. With OpenPayd's robust partner network and direct connectivity, businesses can utilise interoperable currencies and payment rails to seamlessly receive, hold, convert, and send money globally.
COMPANY: OpenPayd FOUNDED: 2018
CATEGORY: Payments KEY PERSONNEL: Iana Dimitrova, CEO (right) HEAD OFFICE: UK LOCAL PRESENCE IN: Turkey, Bulgaria, Malta, France, Belgium and the US TEL: +44 (0)20 8194 5050 EMAIL: contact@openpayd.com WEBSITE: www.openpayd.com LINKEDIN: company/openpayd X: @openpayd
The future of finance is money moving instantly between any two parties, anywhere in the world. At OpenPayd, we’re creating a universal
financial infrastructure to make that happen
Issuing virtual IBANs can alleviate the challenges that come with reconciliation. Instead of funds being sent with long, complicated references, which increase the possibility of payments going missing, vIBANs allow for funds to be reconciled automatically. This saves ops teams
WHAT WE DO Move and manage money globally. Any business. Anywhere. Any web.
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THE PAYMENTS POWER 50
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