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Monneo Launches First Multi-Currency Merchant Settlement Solution for Acquirers to Streamline International Payments

Monneo, a virtual IBAN and eCommerce bank account provider, has announced its new Multicurrency merchant settlement solution. This unique solution enables acquirers to receive and distribute settlements to their merchants through the Monneo platform. The service will help make transactions across borders and currencies easier and quicker, which is vital for acquirers that operate in different verticals.

Many acquirers, PSPs and Payment Facilitators face challenges when distributing funds to merchants across borders, and this unique service will help make settlements easier and quicker to send out. This is yet another example of how fintech innovation is helping to solve problems relating to cross border payments and underbanked eCommerce verticals.

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Rethink the Ordinary With Advanced Payment Solutions

Most consumers are more than aware of basic payment solutions, especially after the pandemic struck their lives and their usual means of payment. Even before the new normal, many consumers were familiar with e-commerce and therefore, businesses were already used to accepting online payments on their websites or their apps. If these payments seemed pretty straightforward for consumers, technology now allows for more streamlined payment solutions that make it easier to take online payments on your website.

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