Currencycloud to power APAC expansion for digital enterprises

Currencycloud will be supporting digital enterprises to set their sights beyond Europe, with the introduction of six new local payout countries in APAC to its platform. Clients building digital platforms will be able to integrate low cost and predictable local payments in Hong Kong Dollar (HKD), Singapore Dollar (SGD), Thai Baht (THB), Chinese Yuan (CNY), Australian Dollar (AUD) and Indian Rupee (INR). By connecting directly into the local clearing systems, Currencycloud enables clients to bypass the costly and opaque correspondent banking network, while also taking advantage of wholesale FX rates to deliver innovative solutions to their end customers. These new capabilities will be rolled out over the next three months starting with Hong Kong and Singapore. Read more here.