Klarpay AG is pleased to announce an enhancement to its services, allowing clients to create U.S. Dollar denominated Visa debit cards “linked to Corporate USD accounts.”
This offering aims “to improve the way Klarpay clients transact with popular services, which are often charged in USD, such as Google, Facebook, and Amazon Web Services, by eliminating FX costs.”
In response to the strong demand for USD-denominated cards, Klarpay has “recognized the growing need among advertising affiliates and media buyers who extensively utilise Google Ads or Facebook for their advertising campaigns.”
This increasing trend can “be attributed to various factors, including the prevalence of ad campaigns being denominated in USD.” By empowering Klarpay clients with USD-denominated Visa debit cards, the company aims “to meet their specific requirements and enhance their overall financial experience.”
The introduction of USD-denominated Visa debit cards “presents a significant advantage for Klarpay clients.”
Previously, when using their local currency for transactions “with popular U.S.-based companies, clients incurred FX costs, leading to additional expenses.”
However, with this new feature, Klarpay clients “can seamlessly spend USD with these renowned companies without the hassle of currency conversion fees, optimising their financial operations and boosting their transactions.”
Martynas Bieliauskas, Klarpay CEO, stated:
“Klarpay remains committed to offering innovative solutions that streamline financial processes for its global clientele. The introduction of USD-denominated Visa debit cards marks another milestone in our mission to empower businesses and individuals with best-in-class solutions for managing and scaling their online businesses.”
For more information about Klarpay’s USD-denominated Visa debit cards or to sign up for an account, check here.
In another update, Klarpay has shared with it achieved so far in Q2 2023.
During the second quarter of 2023, Klarpay AG made “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 selected countries.”
The firm added tha global ACH payments reportedly “offer business advantages to companies looking to streamline existing cross-border payment flows and to teams building new global products. ACH payment systems provide a secure and cost-effective way to transfer funds electronically, replacing the need for physical checks or wire transfers.”
The process involves the electronic clearing and settlement of payments “between participating banks or financial institutions.”
For more details on this update, click here.
