ElementPay launches bank accounts in 30 currencies
Businesses can now receive, hold and pay in 30 currencies, each with its own account details.
ElementPay today announced bank accounts in 30 currencies, issued one per currency. Businesses can now receive, hold and pay in USD, EUR, GBP, ZAR, CAD, AED, NGN, GHS, KES, TZS, AUD, NZD, JPY, CNY, HKD, ILS, MXN, SEK, CHF, NOK, DKK, SGD, KRW, THB, HUF, PLN, RON, CZK, XOF and XAF.
Each currency has its own account details, so customers and partners can pay an ElementPay business as they would a local company. Balances sit alongside USDC and USDT holdings and convert between one another.
The accounts are available in the merchant dashboard, through the ElementPay API and in Mboka, ElementPay's web app.
ElementPay builds payment rails for emerging markets. Businesses use one API and dashboard to pay out to mobile money and banks in 20 African countries, hold bank accounts in 30 currencies and convert between them and USDC and USDT.