Centtrip, a fintech company specialising in international payments, foreign exchange and expenditure, has introduced a base-currency function to its multi-currency account in response to growing demand from clients.
Corporate clients can now request cards with either Euros or US Dollars, as well as British Pounds, as their preferred default currency. A mix of different base-currency cards can be associated with the account.
All card-related fees used to be applied in British Pounds, even for corporate clients based in Europe or the US. Now all the fees will be shown in a chosen base currency, avoiding the need for currency conversion and making financial statements clearer. This new functionality will also save clients more time when reconciling card expenditure from employees, making reporting as efficient as possible.
Jim Warner, Director of Operations at Centtrip, said: “Our corporate clients love our multi-currency cards and over the past six months we have had huge demand for base currencies other than Sterling for simplicity and flexibility. This new feature means our corporate clients can control the way they spend and see their expenditure for ultimate convenience.”
Centtrip’s multi-currency account offers companies of all sizes more efficient ways of doing business overseas by enabling them to deposit, hold and manage 15 currencies simultaneously at any time.