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PayDo’s Dedicated Multicurrency IBANs: Breaking Down Borders in Fintech

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Businesses need financial solutions that match their international ambitions.

Whether paying contractors, receiving client payments, or handling cross-border transactions, traditional banking systems often fall short. Opening a bank account can take months, and handling large volumes of transactions can be as hard as avoiding the word “AI” in modern media.

Hardships with banking and international transfers are particularly palpable for high-risk industries like iGaming.

That’s where PayDo’s dedicated multicurrency IBANs come in. PayDo’s team of experts did their best to provide clients with an ultimate IBAN solution.  In this piece, we will deconstruct PayDo IBAN and see what makes it unique in Fintech.

 

What Is a Dedicated Multicurrency IBAN?

A dedicated multicurrency IBAN is a unique international bank account number assigned exclusively to one business. This means the business can easily handle international transactions. Unlike pooled IBANs, where multiple businesses share the same account number, a dedicated IBAN gives a business full control over its transactions.

Imagine a company called TechGlobal Ltd. They have customers and suppliers all over the world. With a dedicated multicurrency IBAN, TechGlobal Ltd. can receive payments in different currencies directly into their unique account. If a client in Germany pays an invoice in euros and another client in Japan pays in yen, both payments go straight to TechGlobal’s dedicated account. This makes it easy for them to see who paid and when without confusion.

 The catch—to have a dedicated multi-currency IBAN, a company needs to open a business account. Here’s where the tricky part comes in. Opening a business bank account can take months, not speaking about the number of documents you need to provide. Another major challenge is all about high fees and slow processing times.

Besides, traditional banking methods usually require businesses to maintain separate bank accounts for different currencies. This complicates financial management and increases the costs associated with international payments.

 

PayDo’s Multicurrency IBAN Offering

PayDo is a payment ecosystem that pays particular attention to making its IBAN worthwhile. A user can open a PayDo Business Account in just 48 hours and get as many dedicated IBANs as one wants. Here’s what makes PAyDO IBAN unique:

1. Access to 9 Payment Schemes. PayDo’s IBAN is connected to major local and international payment schemes. These include:

  1. SWIFT
  2. SEPA
  • SEPA Instant
  1. Target2
  2. Faster Payments
  3. CHAPS
  • BACS
  • Kronos2
  1. Fedwire

Such broad access to payment schemes means you can send and receive transfers to various locations without delays. Besides, as a SWIFT Direct Participant, PayDo has exclusive access to the given network.

2. 35+ Currencies. With PayDo, IBAN is truly multicurrency. Along with some most common currencies like EUR and USD, companies get more than 35 currencies with their IBAN. The more currencies you have, the more localised transfers are available. In other words, with a multicurrency IBAN, you can pay global contractors using their preferred currency. And there is no extra cost for any of the 35 currencies involved.

3. High-Risk Industry Support. Many traditional banks avoid high-risk industries like iGaming. On the other hand, PayDo is all about working with high-risk clients. With no volume restrictions and a deep understanding of compliance requirements, PayDo makes international transactions accessible and reliable for industries often overlooked.

4. Quick Onboarding and Global Reach. Opening a dedicated IBAN with PayDo takes as little as 48 hours. In addition, PayDo supports operations in over 150 countries.

 

Breaking Down Financial Barriers

International business often involves dealing with multiple currencies, high fees, and compliance issues. These can create significant operational hurdles. With PayDo’s dedicated multicurrency IBANs, companies no longer need to worry about managing separate accounts or facing delays in cross-border payments.

For example, suppose a company based in the UK works with contractors in Europe and the US. They can easily make payments in euros, pounds, and dollars. No need to open separate accounts or deal with costly conversion fees.

PayDo also takes security seriously. The company complies with global standards and adopts various security measures. The Financial Conduct Authority (FCA) fully regulates the platform in the UK and FINTRAC in Canada.

 

Conclusion

Businesses need financial tools that are as flexible and dynamic as the markets they operate in. PayDo’s dedicated multicurrency IBANs offer a practical, efficient, and secure solution for managing global transactions. With features like 35+ currencies, access to 9 payment schemes, and support for high-risk industries, PayDo sets a new fintech standard.

Open a PayDo Business Account. See for yourself what PayDo IBAN can do for your business.

The post PayDo’s Dedicated Multicurrency IBANs: Breaking Down Borders in Fintech appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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ComeOn Group’s Sportsbook hub in Austria relocates to new office space to facilitate further growth

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ComeOn Group announced the relocation of its sportsbook, tech and risk management hub in Graz, Austria, to a new and central office space. The new office marks yet another milestone in ComeOn’s investment to accelerate its proprietary sportsbook platform and deliver a differentiated product proposition to its sportsbook players.

ComeOn’s proprietary sportsbook platform and in-house trading team is a key part of its strategy to grow the sportsbook business according to the company’s growth strategy. The office in Austria marks the central gravity of the platform development and opens up room for the teams to grow further as ComeOn levels up its investment into their sportsbook part of the business.

Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about our new sportsbook engineering and trading hub in Graz. Sportsbook is a key driver of our growth plans ahead and we are well on track with the strategic goal we have set to double our sportsbook business in the next three years. By investing in technology and our proprietary sportsbook platform we are not only providing our customers with top-notch entertainment experiences but also ensuring that our employees have the tools and environment they need to innovate and excel. Our new office is not just a place to work; it’s a hub for collaboration and growth, allowing us to better serve our customers.”

The new office opened its doors officially at the beginning of October and ComeOn Group remains dedicated to providing creative and modern office spaces across all their locations for its employees to keep on innovating to deliver the most exciting entertainment experiences for their customers.

For more information about ComeOn Group and ongoing initiatives, visit the website comeon-group.com.

The post ComeOn Group’s Sportsbook hub in Austria relocates to new office space to facilitate further growth appeared first on European Gaming Industry News.

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SAW partners with Esports Charts to optimize social media and livestreaming analytics

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SAW, a prominent name in the esports industry, has officially joined forces with Esports Charts, a leading analytical service, to gain in-depth insights into the performance of its social media platforms & livestreaming endeavors.

Both companies are excited about the collaboration, with Esports Charts delivering top-tier analytics tools to help SAW optimize their social media strategies and better engage with the audience.

“We’re thrilled to collaborate with SAW and provide them with the analytical tools they need to gather, analyze, and optimize their social media performance. Our services will empower SAW to achieve their goals by providing actionable insights into the success and reach of their content and activations. Ultimately, this will help them enhance overall social media strategy and increase engagement.” said Denis Matusovskiy, Sales and Partnerships Manager at Esports Charts

As part of the partnership, Esports Charts will provide SAW with comprehensive reports on social media performance, including detailed analytics on post engagement, reach, and overall growth metrics. The data will enable SAW to track its performance over time and make strategic decisions to improve fan engagement and expand its digital presence.

“One of our main goals is to fully explore all markets in order to not only empower our teams, both nationally and internationally, but also strengthen the relationship with our partners and sponsors. We want to understand the real impact that SAW has on the ecosystem and identify our strengths, as well as the areas that need more attention. We know that the partnership with Esports Charts will be a valuable asset in tracking the growth of our channels.” said Patrícia Oliveira, Marketing Director at SAW

In addition, SAW will be leveraging Streams Charts tech including Sponsor Banner Tool to conveniently track the media value of personal streams from its content creators, as well as media value during the co-streaming of esports events. Moreover, Esports Charts and Streams Charts will support SAW with extended sponsor exposure reports during events in which the team participates, further increasing brand visibility across platforms.

 

The post SAW partners with Esports Charts to optimize social media and livestreaming analytics appeared first on European Gaming Industry News.

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Atlaslive Set to Showcase Its Fully Customizable iGaming Platform at SiGMA Europe in Malta

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Atlaslive, a leading B2B software provider known for its innovative iGaming platform and customizable solutions, is excited to announce its participation in SiGMA Europe 2024, taking place from November 11-14 in Malta. Attendees can visit the Atlaslive team at booth 2080 to explore its dynamic platform and learn how it is revolutionizing the iGaming space with customizable, scalable, and secure solutions tailored to meet the needs of both emerging and established markets.

At SiGMA, Atlaslive will present its highly customizable Sportsbook, designed to provide unparalleled user experiences. Packed with advanced features like Bet Builder, real-time betting, and flexible configuration options for any sport, league, or event, the Sportsbook is set to captivate operators looking to engage their audience. Built with adaptability in mind, the platform also includes advanced bonus engines aimed at boosting user engagement and retention.

At Atlaslive, we’re not just offering a platform – we’re empowering operators with a solution that adapts to any market, delivering over 10,000 casino games from 100+ leading providers and globally recognized Sportsbook. Our goal is to provide a customizable, secure, and scalable iGaming experience that meets the unique demands of local markets, while ensuring compliance and delivering seamless player engagement,” said Lidiia Vakulenko, COO at Atlaslive.

In addition to the Sportsbook, Atlaslive will highlight its casino gaming offerings, which now boast an impressive collection of over 10,000 casino games from more than 100 top-tier providers. The platform’s rich library includes a diverse range of games – such as live dealer games, virtual sports, lotteries, jackpots, tournaments, and free spins – all accessible through a single, seamless integration.

As Atlaslive continues to expand into global markets, the company remains focused on localizing its solutions to meet specific regulatory and cultural needs. To learn more about Atlaslive’s innovative platform, meet the team at booth 2080 at SiGMA Europe, or book a meeting in advance via https://atlaslive.tech/events. This is an opportunity to get firsthand insights into how Atlaslive is helping operators deliver fun, engaging, and compliant iGaming experiences across the globe. Atlaslive, the tech behind the game.

The post Atlaslive Set to Showcase Its Fully Customizable iGaming Platform at SiGMA Europe in Malta appeared first on European Gaming Industry News.

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