Our Correspondent Network
The PayCommerce correspondent bank network is a consortium of 95+ financial institutions worldwide; providing access to 75 countries. We are growing our network to enable coverage in all countries (except sanctioned) over the next 12 to 18 months.
The PayCommerce Network and enterprise platform are designed to address various traditional issues with cross-border account-to-account payments:
PayCommerce offers the ability for both financial institutions and businesses to pay counter parties in foreign locations in a cost effective manner with the fastest settlement cycle available by region (T+1 / T+2). Businesses with low-value, high-volume payments will see significant cost savings using the PayCommerce cross-border payment solution.
Common customer use cases include:
|– Global Supplier Payments||– Payroll||– Commission Payments|
|– Merchant Settlements||– Pension Payments||– Expense Reimbursements|
|– Dividend Payouts||– Insurance Claim Payments|
Our cross-border disbursements solution provides a comprehensive set of services for global transaction management, including:
Global Coverage of cross border payments.
The PayCommerce Network consists of 95+ member banks in 75 countries. Our platform enables cross-border, account to account transfer in all of these countries:
|* Australia||* Denmark||* Liechtenstein||* S. Korea|
|* Armenia||* Estonia||* Lithuania||* Serbia|
|* Austria||* Finland||* Luxembourg||* Singapore|
|* Azerbaijan||* France||* Maccau||* Slovakia|
|* Bahrain||* Georgia||* Malaysia||* Slovenia|
|* Bangladesh||* German||* Malta||* Spain|
|* Belarus||* Greece||* Mexico||* Sri Lanka|
|* Belgium||* Hong Kong||* Moldova||* Sweden|
|* Brazil||* Hungary||* Nepal||* Taiwan|
|* Bulgaria||* India||* Netherlands||* Tajikistan|
|* Cambodia||* Indonesia||* Oman||* Thailand|
|* Canada||* Ireland||* Pakistan||* Turkmenistan|
|* Chile||* Italy||* Philippines||* UAE|
|* China||* Japan||* Poland||* UK|
|* Colombia||* Kazakhstan||* Qatar||* Ukraine|
|* Croatia||* Kuwait||* Romania||* USA|
|* Cyprus||* Kyrgyzstan||* Russia||* Uzbekistan|
|* Czech Republic||* Latvia||* S. Arabia||* Vietnam|
For more information on our cross border payment network membership and capabilities, please email us at email@example.com.