New API-Based Payments Gateway from Crown Agents Bank Gives Access to 70+ Currencies in Emerging Markets

  • Payments , Banking
  • 29.03.2021 12:26 pm

Crown Agents Bank today announces the availability of EMpower Payments. The latest addition to the EMpower suite of FX and cross-border payment products, EMpower Payments is Crown Agents Bank’s automated gateway for cross-border transactions into emerging markets. The flexible, API-enabled solution allows Crown Agents Bank’s customers - governments, international development organisations and financial services businesses - to send cross-border payments in more than 70 currencies.  

Crown Agents Bank’s differentiated network capability offers customers optimised liquidity and reliable settlement, while payments made via EMpower Payments can be monitored through real-time transaction statuses.

Key benefits include:

  • Competitive FX pricing and differentiated settlement capability

  • Reach 70+ currencies with a focus on emerging and frontier markets

  • Unified interface supporting instruction via API and GUI

  • Settle via a range of payment modalities including mobile

  • Seamless error-resolution, end-to-end automation, and continuously optimised validations and constraints

  • Established compliance controls 

  • Real-time transaction statuses, flexible reporting, and 24/7 support

James Cope, SVP Payments Product Lead at Crown Agents Bank comments: “Cross-border payments into frontier and emerging markets are something all our customers want to offer their corporate clients; they have traditionally been seen as inefficient due to high fees, slow delivery times and a lack of transparency. Using cutting edge technology and a network of carefully cultivated partnerships, we are able to offer payments into frontier markets that are highly automated. Real-time transaction statuses, flexible reporting, and 24/7 support means our customers can have clarity that their money is going directly to its destination.”

For more information on EMpower Payments, please click here.

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