Today, PhotonPay is thrilled to announce the upgrade of the Global Accounts services. This change will help businesses gain more flexibility, efficiency, and scalability in their global payments. The latest upgrade introduces new local collection accounts, empowering businesses around the world to elevate the global payments and settlements experience.
Enhanced Global Accounts Service
PhotonPay has always been a front-runner in offering simplified, fast, and secure global payments. This upgraded capability introduces 4 new local collection accounts and expands the range of currency options. PhotonPay Global Accounts enable businesses to set up account details and easily accept payments through Global Accounts in over 11 local currencies, including USD, CAD, EUR, and GBP. With this expansion, PhotonPay makes it even more convenient for businesses to receive payments from over 180 global markets, enhancing its service and global accessibility.
PhotonPay’s Global Accounts solutions cater to a diverse range of industries, including B2B suppliers, e-commerce platforms, logistics providers, digital marketing firms, influencer networks, and AI-driven enterprises. The ability to receive payments in local currencies has simplified their cash flow management and enabled a more efficient and cost-effective financial operation.
Optimized Payment Capabilities
In addition to the upgraded collection capability, PhotonPay has also enhanced its payout service. Businesses can now handle global payments across regions without interruption, providing full coverage of over 60 currencies and 180 countries and regions. With scalable payout solutions like mass payouts, businesses can quickly process bulk payments, improving operational efficiency. By offering localized Global Accounts and broadening access to global payments, businesses can now operate with greater confidence and efficiency in global markets.
Empowering Global Finance Management
One key advantage of the Global Accounts service is its powerful financial management capabilities. PhotonPay’s system simplifies complex financial workflows, providing businesses with the tools to track, manage, and optimize their global payments with ease. Businesses can now improve internal cost control, operate with improved liquidity, better forecasting, and streamlined reconciliation processes.
Security and Compliance
PhotonPay has applied for and obtained payment licenses or permits in Hong Kong, China, the United States, Canada, the United Kingdom, Poland, and other countries, and has collaborated with top-tier banks and global financial institutions.
With an AI-driven risk control system and a high-standard compliance team, PhotonPay is dedicated to providing businesses with a secure and reliable transaction environment, ensuring a seamless experience for global payments and fund management.
“Our latest upgrades are a direct response to the evolving needs of global businesses seeking a more effortless way to manage global transactions,” said Chao Xu, Vice President of Products at PhotonPay. “We empower our customers to manage their global finances with greater efficiency and lower costs, which reduces operational friction.” This is crucial in helping businesses scale and succeed in global markets.”
About PhotonPay
Founded in 2015, PhotonPay is a digital financial infrastructure provider offering global payment solutions to businesses. Its innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the Greater China region of Discover® Global Network.
With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale.
Headquartered in Hong Kong and providing localized services through nine international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 customers globally.
Disclaimer: This press release may contain certain forward-looking statements. Forward-looking statements describe expectations, plans, outcomes, or strategies for the future (including product offerings, regulatory plans, and business plans) and are subject to change without prior notice. Please be advised that such statements are influenced by various uncertainties, which may result in future circumstances, events, or outcomes differing from those predicted in the forward-looking statements.
Media Contact
Company Name: Photon Dance (Hong Kong) Limited
Email: Send Email
State: Hong Kong
Country: China
Website: https://www.photonpay.com/en/
