Swiss Fintech Klarpay recently commented on key platform developments during Q4 2023.
The Switzerland-based Fintech firm said that during the final quarter of 2023, Klarpay has marked significant milestones, “introducing innovative features and participating in exciting industry events.”
According to financial tech firm, the financial landscape is “evolving rapidly, and Klarpay is at the forefront, ensuring its services are not only cutting-edge but also secure and transparent.”
One of the standout features introduced by Klarpay in Q4 2023 is “the Deposit Guaranteed Accounts, adding an extra layer of security for corporate account holders.”
Partnering with a leading Global Swiss Bank, Klarpay now says it “provides deposit guarantees that surpass the conventional 100,000 CHF typically offered by government-mandated deposit insurance.”
As explained in a blog post, this move is particularly beneficial “for businesses with larger balances, offering a blend of Klarpay’s extensive payment capabilities and the additional confidence and protection from a Tier 1 Global Bank.”
In a bid to enhance transparency and eliminate ambiguity associated with international transfer fees, Klarpay launched the “Guaranteed OUR Payment“ feature.
With this feature, the sender covers “all fees, including intermediary bank charges, ensuring that the recipient receives the full amount without any deductions.”
This innovation is poised to “streamline international transactions, offering peace of mind to both senders and recipients.” As we look ahead to 2024, Klarpay says that it is gearing up “for even more exciting developments.”
The roadmap includes:
- More Currency Corridors: Klarpay plans to expand its currency corridors, facilitating a broader range of international transactions.
- Card Processing: Emphasizing on Acquiring and Visa Direct, Klarpay aims to streamline payment processing, making it faster and more efficient.
- Payouts to Wallets: Klarpay will offer convenient wallet payouts directly from Klarpay Accounts, aligning with the growing trend of digital wallets.
- Entrepreneur Accounts: Expanding its user base, Klarpay will introduce individual accounts, broadening its reach to include personal banking.
Klarpay’s 2023 achievements aim to set the stage “for an exciting journey into 2024. With a focus on innovation, security, and transparency, Klarpay remains committed to redefining the banking experience for its users.”