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Currencycloud
Overview
Currencycloud is an open banking API and multi-currency platform with headquarters in London, UK. The service provider allows financial institutions to send transfers across borders, delivering the most diversified list of supported currencies. The key functionalities delivered by the service provider include local and international transfers, multi-currency account opening, and currency exchange.
Default currencies
The following currencies are supported by the service provider and can be set as default:
EUR
USD
GBP
CAD
Only one default currency is allowed for payment processing.
Supported regions
Companies from the following regions can integrate:
EU (European Union)
EEA (European Economic Area)
Other countries not included into international sanctioned lists
For more details on the supported regions, refer to https://support.currencycloud.com/hc/en-gb/articles/360017599560-Permitted-Jurisdictions.
Prerequisites
An active financial services license is required to implement the integration. Contact your manager for additional details.
Website
https://www.currencycloud.com/
Products and services
The following table describes the services delivered by Currencycloud.
Service name | Description | Execution details |
|---|---|---|
IBANs | The provider delivers a service of account opening. An IBAN identifies the account of a customer at a financial institution and allows to send cross-border transfers. | Account currencies It is possible to open an account in the following currencies:
Locations Currencycloud accounts can be opened for citizens of the following countries:
For more details on the supported regions, refer to https://support.currencycloud.com/hc/en-gb/articles/360017599560-Permitted-Jurisdictions. |
SEPA transfers | SEPA (Single Euro Payments Area) transfers allow to send and receive payments in EUR within the eurozone. | Transfer currencies It is possible to send SEPA transfers in the following currencies:
Locations Currencycloud transfers can be sent to the following countries:
|
International transfers (SWIFT) | SWIFT transfers allow to send and receive international payments in multiple currencies outside the EU. | Transfer currencies It is possible to send SWIFT transfers in the following currencies:
Refer to Currencycloud Payment guides for the full list of supported currencies. Locations The functionality supports transfers to all countries included into the SWIFT network. |
FX exchange | The functionality allows you to exchange fiat currencies within clients’ accounts using global marketplaces. Only fixed rates are provided—live updates are not available for exchange rates. | Exchanged currencies The following currencies can be exchanged:
Exchange rates are updated once a day. Refer to Currencycloud Currencies for the full list of supported currencies and additional details. Locations The exchange functionality is available for accounts opened in the following countries:
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