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TransferGo Expands into B2B with Multi-Currency Business Account Launch

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TransferGo Expands into B2B with Multi-Currency Business Account Launch
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TransferGo, a leading remittance network, has introduced a new multi-currency business account designed to streamline global transactions for companies operating in the UK and EU. This move marks TransferGo’s expansion into the B2B payments space, aiming to address common challenges businesses face when managing international finances.

Simplifying Global Money Transfers for Businesses

Companies conducting cross-border transactions often grapple with high fees, slow processing times, and complex currency exchange procedures. Recognizing these pain points, TransferGo has developed a business account tailored to simplify international money management.

The newly launched B2B account enables businesses to hold, exchange, send, and receive multiple currencies seamlessly. Key features include:

  • Competitive currency exchange rates starting from 0.35%
  • Localized payments with dedicated IBANs for streamlined transactions
  • A unified financial platform that eliminates the need for multiple accounts across different currencies

A Cost-Effective Alternative to Traditional Banks

Daumantas Dvilinskas, CEO of TransferGo, emphasized the cost-saving benefits of the service, stating:

“Our solutions not only tackle the key challenges businesses face in global transactions but are also up to nine times more affordable than traditional high-street banks.”

With this expansion, TransferGo is positioning itself as a strong contender in the B2B financial services sector, offering businesses a faster, more cost-efficient alternative for international money transfers.

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