Our virtual account solution (also known as virtual IBAN) gives Payments businesses a crucial competitive edge by enabling you to offer international business bank accounts to your own customers. Virtual accounts unlock access to new territories and currencies – your customers can make and receive payments to unique addressable IBANs in multiple jurisdictional formats via local and cross border payment rails.
Should you decide to implement our virtual accounts solution, you will be able to assign a unique virtual pay-in number to each of your debtors. Such number complies with IBAN standard requirements, but unlike the current account number, it contains a special code (up to 12 digits), allocated to the debtor at your sole discretion.
Implementation of virtual accounts is subject to certain technical preparations, therefore this solution is most suitable for companies with a large number of incoming payments, or alternatively for those who have difficulties to identify their receipts.
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