Payments Ease and Efficiency: Send and Receive in Your Local Currency
In this episode, we’re joined by Simon Bishop, our Director & Head of Singapore, for a conversation about how businesses – those based in the APAC region in particular – might benefit from a facility for sending or receiving payments in the local currencies of the countries where they operate.
Our discussion will center on why a business would consider opening foreign currency accounts for currencies they trade in, what types of transactions may be streamlined through the use of a local currency account, and why an organisation would consider paying a vendor or a service provider in their local currency.
We’ll take a dive into the differences between now small versus large businesses use local currency accounts, and what their options might be for opening those accounts. When you’re opening a foreign denominated account, how do you go about it? What's the time frame? What are the costs? What else is involved?
While there’s no one-size-fits-all answer to these questions, our conversation will frame the most important considerations and offer insightful context – join us to get started!
We’ve also spoken on this topic before, with a perspective from North America – click here to watch that episode as well!
The opinions expressed on FX in Focus are those of the speakers only, and do not necessarily reflect the views of Corpay Inc.
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Notice and disclaimer: By accessing the Podcasts I acknowledge that: (a) the contents are owned by Fleetcor Technologies, Inc. NYSE:FLT and the podcast is not to be replicated or used without permission of the owners; (b) these are high level general discussions and interviews to encourage conversation and do not provide professional guidance or advise; or guarantee results; (c) opinions may be expressed and owners cannot guarantee accuracy of same. This series is intended for North American audiences.(d) the views and opinions of the guests of “Fintech in Focus” do not necessarily represent those of the FLT companies.