The Global Wallet strengthens the Quid Global business and banking platform for SMEs, giving their owners the ability to quickly open a multi-currency account with local and international details.
Founded in 2020, Quid Global’s platform aims to make launching, growing and running a business easier for any entrepreneur.
The integration with Currencycloud brings a multi-currency capability to the wallet. SMEs can convert between EUR, GBP, USD, CHF, AUD and NZD currencies anytime.
Commenting on the partnership behind the Global Wallet, Quid managing director Simon Byrne said: “Our digital ecosystem is designed to reduce the time to market and let our customers manage core areas of their business from a single platform.
“The multi-currency Global Wallet we have developed with Currencycloud is a key product in our ecosystem to support the success of any new business and facilitate easy payments for our customers in many regions globally.”
On the benefits to SMEs, Nick Cheetham, chief revenue officer at Currencycloud, commented: “Small businesses are increasingly operating globally and there is a huge need to process international payments seamlessly and cost-effectively.”
Since 2012, UK-based Currencycloud has processed more than $100b to over 180 countries. Its clients include Starling Bank, Revolut and Lunar. It was acquired by Visa last year.