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Currency-Solved

Use cases

Whether you're in exporting, importing, running a start-up, SME or travel business, Currency Solved lets you make and receive international transactions effectively and efficiently. Take a look at our examples to learn more.

importers-exporter

Currency Solved for exporters and importers

Exporters face many challenges, but getting paid on time shouldn’t be one of them. On average, companies write off 1.5% of their receivables as bad debt. For a $50 million company, that equates to a $750,000 expense each year. In the UK alone, 50% of businesses receive late payments from customers overseas.

Importers face similar hassles when making international payments. This is due to the constraints and costs associated with international SWIFT payments. Currency Solved removes these constraints by providing you access to local payouts at a fraction of the cost.

Meet-joe

Meet Joe:

Joe’s Imports & Exports makes regular payments to multiple suppliers in the USA.

Currently, Joe makes use of his local bank for these transactions. International payments end up costing more and taking longer than they should.

With Currency Solved, making and receiving international payments is fast, safe and affordable. Using the platform, Joe can upload and pay multiple beneficiaries immediately – anywhere in the world.

Joe’s importing business has also managed to lower their average payment receipt time thanks to same-day collections. Currency Solved was built to provide innovative payment technology to the international trade industry.

 

startups-and-smes

Currency Solved for start-ups and SMEs

As a start-up or SME, one of the first things you learn about are the numerous hidden costs associated with setting up and running a new business. The Currency Solved platform was built with small business in mind and offers access without upfront or excessive ongoing costs.

Meet-sarah

Meet Sarah:

Sarah’s start-up needs to make payments to developers in Hong Kong and Singapore.

Currently, Sarah makes use of her local bank for these transactions. Unfortunately, these international payments end up costing more and taking longer than they should.

With Currency Solved, making and receiving international payments is simple, safe and affordable. Using the platform, Sarah can upload and pay multiple currencies to different beneficiaries immediately.

Sarah will now also be able to receive funds from her European clients by making use of the Global Collections service. This entitles Sarah’s start-up to its very own EU bank account, giving her access to the European market and making it easier for clients to pay in Euros.

 

travel-and-tourism

Currency Solved for travel and tourism industry

We are proud to have partnered with many international travel and tourism operators, helping to lower the costs associated with international payments. The Currency Solved platform helps reduce the admin associated with payment processing thanks to an intuitive dashboard.

You can assign user roles that allow better control of your payment processing and lower the risk of fraud.

Meet-bob

Meet Bob:

Bob’s travel company needs to make some payments for an upcoming tour to Europe. He also needs to receive funds from various clients for their planned trips.

Currently, Bob makes use of his local bank for these transactions. International payments end up costing more and taking longer than they should. Some of Bob’s American clients are having difficulty paying for his tours, costing him valuable business.

With Currency Solved, making and receiving international payments is easy, safe and affordable. Using the platform, Bob is able to upload and pay multiple hotel beneficiaries at once. Bob can also receive funds locally from his American clients by making use of the Global Collections service. This will give Bob’s company its very own USD account in the USA.

 

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South Africa

Cape Town

Regent Square
Doncaster Road
Kenilworth 7708 +27 (0) 21 657 2120

Durban

25 Richefond Circle
Ridgeside
Umhlanga 4320 +27 (0) 31 536 8843

United Kingdom

Croydon

One Croydon
12-16 Addiscombe Road
Croydon CR0 0XT +44 (0) 20 7759 7514

Australia

Melbourne

9 Yarra Street
South Yarra
VIC 3141 +613 (0) 8651 4500

Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services Licence issued by ASIC to deal in foreign exchange (1st Contact Group - AFS Licence number 335 126).

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