PayDo has recently introduced USD IBAN accounts, offering a seamless way for users to receive US dollars directly via the SWIFT network.

This new feature enhances PayDo’s platform by enabling professionals and businesses to avoid delays caused by intermediary bank checks when processing payments. Additionally, PayDo plans to expand its currency support, adding over 60 national and regional currencies, providing more options for customers.

Doubling Currency Support

Recognizing the need for practical features that facilitate international transfers, PayDo has focused on delivering speed, transparency, and versatility. USD IBAN via SWIFT is introduced to provide a flexible infrastructure that aligns with clients’ daily needs. It also streamlines the process of managing funds in major currencies without unnecessary steps or delays.

With these new USD IBAN accounts, users can send and receive money, maintain balances in USD, and convert funds into other currencies. All transactions will follow PayDo’s compliance procedures, ensuring faster settlements and eliminating third-party screening requirements.

This update is part of an overarching strategy to improve cross-border money movement for international companies. Multi-currency accounts enable users to manage over 60 different currencies from a single platform, including EUR, GBP, JPY, NGN, and AED. Users can now receive, store, exchange, and send funds globally with consistent procedures across all supported regions.

Users who have verified PayDo accounts can access the new feature through their account dashboard. New clients can register on PayDo’s website to start using these services.

Expansion Plan

The introduction of USD IBAN accounts follows PayDo’s recent achievement in obtaining an EMI license from the MFSA, which supports its expansion strategy in Europe and enhances client trust and credibility. This initiative aims to foster deeper relationships with European banks while providing opportunities for financial institutions.