PhotonPay Global Accounts: Receive locally, extend globally
Product Update | 2024-11-15 10:11:00
The complexity of global transactions presents numerous challenges to the fund's settlement process, including difficulties in account opening, cumbersome documentation, lack of transparency in fees, high exchange rate fluctuations, long settlement cycles and compliance risks. In this context, the ability to quickly and securely realize cash flow recovery has become a critical factor for businesses seeking to expand globally.
As a digital financial infrastructure service provider, PhotonPay has launched a localized collection service. With a strong compliance culture, technological innovation capabilities, and industry-leading payment solutions, businesses can establish global accounts in various countries and regions. This helps them address challenges such as exchange rate fluctuations, high currency exchange costs, foreign exchange controls, and complex banking procedures, ultimately improving the efficiency of cash flow recovery.
Open an account in minutes
When setting up global accounts, businesses often encounter difficulties such as onerous documentation, complex processes and long review periods. PhotonPay provides a fully online account opening service that is straightforward, time-efficient and streamlined, with accounts available for use on the same day. Additionally, the platform provides dedicated customer managers who offer one-on-one guidance throughout the entire process, ensuring that your needs are promptly addressed.
Receive payments locally and save costs
Global accounts enable businesses to open domestic accounts in up to 14 currencies, mitigating risks associated with exchange rate fluctuations and potential payment delays, underpayments, or defaults by buyers.
PhotonPay offers local collection services in several countries and regions, including the United States, the United Kingdom, the European Union, Hong Kong (China), Japan, Indonesia, and Mexico. By receiving payments directly in local currencies, businesses can avoid intermediary bank fees, significantly easing cash flow pressure and accelerating fund recovery.
Secure and compliant
PhotonPay holds payment licenses in multiple countries and regions and has established strong partnerships with leading clearing banks and licensed financial institutions worldwide.
With a robust risk control system and a high-standard compliance team, we provide bank-level security for enterprise funds, ensuring that every transaction is traceable throughout the process and trackable in real time. This enables businesses to monitor their funds anytime and anywhere, ensuring both security and compliance.
Supporting multi-industry growth
To support the needs of businesses operating across multiple platforms and channels, PhotonPay commits to innovating and elevating collection service capabilities. Whether B2B trade payments, e-commerce payments, developer payments, or third-party platform payouts, PhotonPay offers comprehensive solutions to meet diverse market demands.
Streamline your global cash management
The PhotonPay merchant platform's integrated expense management system provides comprehensive transaction and reconciliation information, offering a clear and efficient way to manage expenses.
Account billing data can be downloaded with a single click, enabling businesses to streamline financial reconciliation and enhance their financial management capabilities.
Furthermore, the platform enables enterprises to open domestic accounts for different countries and branches, facilitating centralized management and flexible deployment of funds, and enhancing the flow of funds and operational efficiency.
About PhotonPay
Founded in 2015, PhotonPay is a digital financial infrastructure providing global cash management services to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the Greater China region of Discover® Global Network.
With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale.
Headquarters in Hong Kong and providing localized services through eight international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 enterprises globally.
Latest Announcements
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Latest Announcements
PhotonPay Becomes a Mastercard Issuer in Hong Kong
To launch Mastercard Commercial Credit Card to help businesses better navigate market volatility
Company News |
2024-11-11 01:00:00
PhotonPay Partners with Coshine for Issuer Processing
PhotonPay, an innovative digital financial infrastructure service provider, has announced a strategic partnership with Coshine to optimize the capability of Photon Card through its issuer processing services.
Company News |
2024-11-07 11:00:00
PhotonPay and WotoKOL Enter Strategic Partnership
Recently, PhotonPay, an innovative digital financial infrastructure platform, announced a strategic partnership with WotoKOL, a leading global content marketing platform for international brands. Both
Company News |
2024-09-13 11:49:39
