digital exchange cards

SimpliFi Introduces Multi-Currency Cards for Global Payments | International Business Magazine

by

Table of Contents

Introduction

SimpliFi, the leading Cards as a Service (CaaS) platform in MENAP, is empowering organizations to drive new revenue streams, manage costs, and streamline business operations with the recent introduction of Multi-Currency cards across the region. In an increasingly digital world where borders are becoming less relevant, the ability to pay and get paid globally in local currencies is becoming a necessity. SimpliFi is helping businesses solve their pain points by providing the ability to create and issue Multi-Currency cards, offering unique and relevant payment experiences.

Benefits of SimpliFi Multi-Currency Cards

SimpliFi Multi-Currency cards offer a range of benefits for businesses, consumers, freelancers, and more. These benefits include:

  1. Choice and Convenience: Multi-Currency cards offer users more choice and convenience when it comes to cross-border payments. Users can pay and get paid globally in their local currencies, making international transactions easier and more efficient.

  2. Operational Efficiencies: SimpliFi Multi-Currency cards provide in-depth insights into cash flow movement across different currencies. This allows businesses to better manage their funds and reduce exchange losses and administrative costs.

  3. Savings: By offering Multi-Currency cards, SimpliFi helps businesses save on foreign exchange costs. Businesses can supplement their revenue streams while having more control over their expenses.

  4. Revenue Generation: SimpliFi Multi-Currency cards enable businesses to generate additional revenues through foreign exchange. Businesses can forecast spending in matching currencies and benefit from unique payment experiences.

SimpliFi Multi-Currency Options

SimpliFi offers two options for Multi-Currency cards: single cards with Multi-Currency support and multiple cards with single currencies. With the single card option, cardholders can move funds across various supported currency pockets, allowing for flexibility in managing their finances. The multiple cards option allows for separate cards, each with a single currency, providing a more focused approach to spending.

Supported Currencies

SimpliFi currently offers Multi-Currency cards in eight different currencies. These currencies include:

  1. US Dollar (USD)
  2. UAE Dirham (AED)
  3. Saudi Riyal (SAR)
  4. Bahraini Dinar (BHD)
  5. Kuwaiti Dinar (KWD)
  6. Omani Rial (OMR)
  7. Qatari Riyal (QTR)
  8. Jordanian Dinar (JOD)

About SimpliFi

SimpliFi is the leading Cards as a Service (CaaS) platform in the MENAP region. They empower organizations to drive new revenue streams, manage costs, and streamline business operations through their innovative payment solutions. With the introduction of Multi-Currency cards, SimpliFi is at the forefront of providing businesses with unique and relevant payment experiences.

About International Business Magazine

International Business Magazine is a UAE-based online publishing company with a subscriber base of more than 50,000. They deliver the latest news from the financial world and promote innovative solutions in the industry. With a focus on providing valuable insights and information, International Business Magazine is a trusted source for investors, C-suite employees, key stakeholders, policymakers, and government bureaucrats.

For more information, please visit the official website of SimpliFi at makevcard.com.

Sources:

Leave a comment