Jan-Feb Product Release Notes: Local Accounts Launched for Vietnam, Malaysia, Mexico, and Nigeria

Vietnam Local Account: Solving Collection Pain Points and Connecting Local Opportunities

• Fully Online Onboarding & Direct VND Collection: Say goodbye to offline bank queues and paperwork; complete onboarding entirely online in minutes. Support for direct Vietnamese Dong (VND) collection eliminates buyer exchange friction and builds trust with local partners.
• NAPAS & CITAD Local Clearing: Funds are processed directly through Vietnam's local clearing networks, slashing confirmation times from days to "near-instant" and greatly optimizing cash conversion cycles.
• Intelligent FX Management: Access competitive interbank exchange rates and 24/7 conversion services (including weekends and holidays). Schedule conversions to lock in favorable rates and hedge against market volatility.
• Enterprise-Grade Security & Compliance: Backed by tier-1 banking partnerships and over a dozen global payment licenses, ensuring full AML, KYC, and KYB compliance. Our millisecond-level intelligent risk engine and multi-factor authentication (MFA) safeguard every transaction.
   

Malaysia Local Account: Direct Integration with DuitNow & IBG to Accelerate Market Access

• Direct Integration with Local Clearing Networks: Deep integration with Malaysia's mainstream clearing systems, DuitNow and IBG. Leveraging DuitNow's 24/7 real-time processing and IBG's high-volume clearing capacity greatly enhances the speed and reliability of MYR fund flows.
• Direct MYR Collection: Allows businesses to directly collect Malaysian Ringgit. Buyers do not need to convert currencies or visit bank branches, significantly increasing transaction conversion rates.
• Zero Hidden Costs & Near-Instant Settlement: Seamless integration into local payment rails reduces reliance on intermediaries, creating transparent pricing and a near-instant settlement experience.
• Unified Global Treasury Management: A single dashboard provides real-time visibility into MYR and other multi-currency balances, simplifying reconciliation and liquidity oversight.
• Strict Regulatory & Security Standards: High standards of fund safety are maintained through a global licensing framework and AI-driven risk monitoring.
   

Mexico & Nigeria Local Accounts: Deepening LATAM and African Presence to Capture Growth

• Zero-Friction Direct Collection: A streamlined digital onboarding process allows businesses to quickly activate MXN and NGN collections, reducing time-to-market from months to days.
• Localized Payouts at Scale: Direct integration with Mexico's SPEI and Nigeria's NIP clearing systems enables near-instant fund settlement without intermediary fees.
• Agile 24/7 FX Management: Initiate currency exchanges anytime for more flexible liquidity, turning FX management into a proactive competitive advantage.
• Institutional-Grade Compliance Framework: Relying on robust global compliance infrastructure and numerous payment licenses, we continuously strengthen KYC, KYB, AML, and data security systems to ensure safe and compliant cross-market operations. (Note: Combined with the previously supported Brazil local account, PhotonPay continues to solidify its expertise in localized payment services within complex clearing environments.)