Ebury Expands Currency Capabilities with Addition of 11th Local Currency Account

  • Transaction Banking
  • 04.07.2023 09:00 am

Ebury, the global financial technology firm and FX risk management specialist, is delighted to announce the expansion of its local collection accounts to Singapore allowing clients to collect Singapore Dollar from anywhere in the world like a local.

Clients requesting a SGD account will also benefit from access to a unique virtual account, helping them speed up the collection process without hassle.

The addition marks a further expansion of Ebury’s foreign exchange capabilities and is well-positioned to offer the most comprehensive suite of local collection accounts in the industry. In addition to Singapore, clients can collect in AUD, BGN, CAD, EUR, HKD, CNY (in Hong Kong), GBP, NZD, PLN and USD. 

The breadth of FX coverage supports is one of Ebury’s core strengths supporting its mission to serve its clients better and become the preferred partner for businesses wanting to trade and scale globally. For example, e-commerce sellers can utilise these local currency accounts to collect payments effortlessly and securely from marketplaces and repatriate them to their home countries.

Ebury has the ability to settle in over 200 countries across 130+ currencies with a geographical footprint spanning 32 global offices. It has transacted over $21 billion in the last 12 months. 

Enrique Colin - SVP of Product at Ebury, commented: “Our objective has always been about simplifying international trade – by further expanding our local collection account capabilities we aim to reduce friction and help businesses transfer funds more efficiently.

“Not only will our clients benefit from our ever-increasing FX coverage and bespoke treasury services but also gain access to our innovative platform including a virtual, always-on portal that speeds up the transaction process.” 

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