Don’t miss any news, blogs or press updates. Subscribe to our blog.

Don’t miss any news, blogs or press updates. Subscribe to our blog.

Want to Make a Foreign Transaction in Just 12-Hours?

The current pandemic may have thrown a major spanner in the works regarding international travel but the need for secure, easy and quick foreign exchange services has never been greater. Forex is the largest financial market in the world and is according to the 2021 statistics worth $2,409,000,000 ($2.409 quadrillion).  Of this staggering sum,  $2 trillion is of spot transactions traded daily in foreign exchange markets —  the most popular forex tool.

But traditionally spot transactions can take 2 working days or even longer to be transferred between bank accounts. In the fast-moving world of today where you’re expected to deliver services or goods instantly, a delay of two or more days is simply unacceptable for many businesses and entrepreneurs.

PayPugs offers trading brokerages a full banking solution (banking-as-a-service) for your end-users, mitigating these issues, increasing retention and adding multiple revenue streams to your business model by providing a solution for this underserved market. Our dedicated team of professionals are there to assist you in setting up and tailoring a fully compliant and secure solution based on your individual needs as well as negotiate on a pricing schedule appealing for all parties.

But what are some of the things you can expect from our BaaS solution?

  • E-Wallets: Collect money and pay it out with ease. With PayPugs you can open accounts for your customers or affiliates to make easy deposits and withdrawals.
  • IBANS: From an e-wallet to a full bank account. Keep your customers within your ecosystem and increase retention and loyalty.
  • Dedicated IBAN: This is ideal for business to business and administrative transactions. Benefit from operations in 39 currencies via SEPA, SWIFT, and RippleNet.
  • Debit Cards: From a trading platform to a banking institution. Combine bank accounts, personalised cards, and trading to offer your customers a one-of-a-kind experience.
  • Fund Segregation: Make use of a consumer to business account to ensure full division between customer and company funds. You can accept direct deposits and ensure global payouts.
  • Direct API: Allow the management of e-wallets, IBANs, and cards through your interface directly, with compliance and support provided by a PayPugs team member.

This mutually-beneficial and lucrative cooperation model not only propels the growth and margins of both businesses, but also allows your brokerage to follow the latest industry trends and benefit the most from the augmented demand for unified solutions. Speak to a PayPugs representative today to find out more!

Join the collaboration platform designed with collaborators, freelancers, start-ups, organisers, project managers and business owners in mind.