Where both parties are Ebury clients, payments will arrive in the recipient’s account immediately, in the currency in which the funds were sent.
Juan Lobato, Ebury CEO:
“Ebury Instant means international transactions which would previously have taken minutes or hours, are now immediate. Making global payments easier, faster, and more flexible is at the heart of what Ebury does. This is a natural progression for us, and one we believe will make a tangible difference to our clients who are able to improve their relationships with buyers and suppliers by using the Ebury global ecosystem. Chasing payments will be a thing of the past for our clients”.
Importantly, security has not been sacrificed for speed. Double verification is required before the first payment is made to a new beneficiary, and all payments are checked by Anti-Money Laundering & Screening systems. The service is automatically activated for all of Ebury’s clients.
The service allows our clients to accelerate their business operations. For the beneficiary it means immediate cash inflow, while the payer benefits from immediate payment settlement, enabling faster execution of ‘cash in advance’ transactions. We expect a particular impact on clients making recurrent transactions with the same payer or beneficiary.
Ebury hopes the new feature will provide a timely difference for firms during the COVID-19 pandemic.
Juan Lobato, Ebury CEO:
“Now more than ever, rapid access to funding is essential for companies, and will remain so over the coming weeks and months. The more agile our payments systems are, the more we can achieve in supporting our clients.”
To learn more about Ebury Instant please get in touch with our team or if you are already a client please speak to your relationship manager.
