Klarpay AG is pleased to announce a significant expansion of its product offering to include local Automated Clearing House (ACH) payments in more than 40+ currencies.
This new capability allows Klarpay’s customers “to execute cross-border payments directly via local ACH systems within select countries.”
The integration of international ACH payments significantly “streamlines the process for in-country transfers, providing faster clearing times and significantly lower transaction costs for both senders and recipients.”
Martynas Bieliauskas, CEO of Klarpay AG, said:
“This addition to our platform enhances the capabilities of our customers, allowing them to seamlessly process payments both internationally and domestically, ultimately driving efficiency and cost savings. Our mission is to provide flexible, reliable, and cost-effective payment solutions for our clients around the globe. This expansion is a testament to that commitment.”
In an increasingly globalized world, the ability “to perform secure, efficient and low-cost transactions across borders is crucial.”
The new multi-country ACH capability “is particularly beneficial for online companies with international operations needing to process salary payments, social media monetisation platforms paying influencers, freelancers and online businesses needing to send payments internationally.”
As covered in April 2023, the team at Klarpay shared what they have achieved so far in Q1 2023.
During the first quarter of 2023, Klarpay AG announced it “achieved profitability in its first year of operations, despite the challenging economic conditions of the global markets.”
The company claims it experienced steady growth throughout 2022, “driven by strong demand for its services.”
In addition, Klarpay reveals that it “made a significant expansion of its international payment offering with the launch of 13 new currency IBAN accounts, including AED, AUD, CAD, DKK, HKD, HUF, JPY, MXN, NOK, PLN, SEK, TRY, and ZAR, to its international payment offering.”
This expansion of its product portfolio “follows the successful launch of USD and GBP accounts in 2022, demonstrating the company’s commitment to empowering digital businesses through borderless, scalable, and bespoke business accounts.”
The move will “enable Klarpay’s customers to conduct business more efficiently in multiple countries and currencies, expand their reach, and open up new growth opportunities, furthering the company’s goal of empowering businesses of all sizes to reach new markets and customers.”
The company has also “expanded its team with five new employees.”
These new hires “have joined the team in back-office operations, account management, and partnerships.”
With the addition of these new team members, the company is “looking forward to enhancing its operational efficiency and forging new partnerships to further strengthen its position in the market.”
