Currency Stream, a fintech company specializing in real-time currency conversions for ATMs, POS systems, and e-commerce platforms, has outlined its plans for global expansion. This initiative is supported by Paycorp, which offers financial investment and expertise in the payment industry.

Based on proprietary machine learning algorithms, Currency Stream has processed over USD 10 billion in transactions across various countries such as Germany, the UK, and the US. The company leverages live interbank foreign exchange markets to offer transparent Dynamic Currency Conversion (DCC) and Multi-Currency Pricing (MCP) at the point of sale.

The partnership between Paycorp and Currency Stream is rooted in a longstanding collaboration that began in 2017, with Paycorp utilizing Currency Stream’s DCC solutions across Central and Eastern Europe as well as Southern Africa.

Representatives from Currency Stream highlighted the mutual commitment to performance and trust established through this partnership. The new investment not only strengthens their alliance but also paves the way for expanded opportunities in three additional continents, allowing for faster service delivery to more partners.

Currency Stream currently supports over 140 currencies and is used by a range of clients including acquirers, gateways, processors, and payment orchestration platforms worldwide. The aim of this new endeavor is to extend its services into high-growth sectors such as retail, travel, and e-commerce.

Global expansion strategy

Incorporating Currency Stream’s platform, Paycorp emphasized the reliability, transparency, and cutting-edge technology it has provided. For Paycorp, entering new markets in Africa, Asia, and North America through this partnership represents a strategic move. The role of foreign exchange and multi-currency pricing is crucial for cross-border commerce, aligning with Paycorp’s portfolio of leading value-added businesses in the payments sector.