Merchants now have the ability to pay in 134 currencies from their Monneo virtual IBAN accounts.
Research suggests that merchant demand for cross-border payments will increase 7% from 13.5 billion in 2019 to 14 billion by 2023.
‘We are pleased to be extending our international payments capabilities for merchants beyond SWIFT, SEPA and Faster Payments,’ said Lilia Metodieva, Head of Business Development for Monneo. ‘The 134 currencies are many of the most popular used today and also include currencies that represent emerging economies. This is good news for merchants and also helps our partners such as PSPs, ISOs and acquirers strengthen the value proposition they offer in their merchant portfolios.’
A list of available currencies can be found below.
For more details on international payment capabilities and other features that are made possible via virtual IBANs issued through Monneo, click here.