International payment challenges
No access to exotic currencies
Many high street banks and payment providers lack the capability for exotic currency payment delivery. Legacy payment systems can’t cope with effective execution and delivery. This means paying developers and suppliers in their local currencies becomes too complex with returned or missing payments leading to higher costs and disgruntled payees.
Manual processes for multi-currency payments
When your business needs to make multi-currency payments to multiple entities several times a year, manual processes are inefficient. Waiting for payment approval from senior finance staff delays execution and writing and mailing cheques is time intensive and increases payment costs. Added to this, manual payment processing is prone to fraud and can damage business reputation.
Late payment delivery
As software and technology companies grow globally, so does the requirement to pay in less traded currencies. But regulatory requirements from certain developing countries result in the formatting of payments becoming more complex. Missing payment data and errors lead to returns or missing funds and late payments create friction between paying companies and suppliers/contractors.
Hidden payment costs
Executing payments internationally at high volume can incur significant cost, and the lack of transparency into fx rates and fees can lead to unpleasant surprises. Contractors and suppliers may often receive less than the amount agreed and businesses lack the visibility over spend to make informed decisions.
Your trusted global payments partner
Experience our difference
Pay globally in any currency
When your business needs to meet the demands of global trading, we have the currency to meet that demand. Choose from over 25 exotic currencies for swift error-free delivery.Automate payments processes for maximum efficiency
Manual processes are time consuming and prone to error and fraud. Pay up to 10,000 overseas contractors and suppliers simultaneously using a single file upload containing multiple currencies and payment types. Users can also avail of powerful API integration with very little development required.Payments delivered on time, every time
Avail of Fexco's expertise in formatting complex currencies for swift delivery. Our payment validation technology ensures bank details are correct to avoid delayed or missing payments. Enjoy straight through processing rates of +99% against an industry standard of just 94%.Avail of 25+ exotic currencies
Pay globally in any currency
When your business needs to meet the demands of global trading, we have the currency to meet that demand. Choose from over 25 exotic currencies for swift error-free delivery.Automate for efficiency
Automate payments processes for maximum efficiency
Manual processes are time consuming and prone to error and fraud. Pay up to 10,000 overseas contractors and suppliers simultaneously using a single file upload containing multiple currencies and payment types. Users can also avail of powerful API integration with very little development required.Execute payments swiftly
Payments delivered on time, every time
Avail of Fexco's expertise in formatting complex currencies for swift delivery. Our payment validation technology ensures bank details are correct to avoid delayed or missing payments. Enjoy straight through processing rates of +99% against an industry standard of just 94%.Get full transparency
Best-in-class payments security and control
Best-in-class payments security and control
Protect your overseas contractor /supplier payment information and data on our secure cloud platform. Our role-based account access means system administrators determine what users can see and do.
With 2 factor authentication for access and a full audit trail to track payments activity, you have complete visibility and control.
ISO 27001 certified
2 factor authentication access
Role-based account access security
Fully licenced and regulated