Santander’s low-cost cross-border remittance service PagoFX has opened up its international payment service for business purposes in the UK.
This service is now available to as many as 3.5 million sole traders in the UK.
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PagoFX is now available on any device through PagoFX.com. Users can sign up and initiate fund transfers after a quick verification process. It already has a mobile app.
PagoFx has added eight new currencies from the Middle East, and Central and Eastern Europe including Israel, Turkey, Romania and Croatia.
Extending the no-fee programme, the company will continue to waive all fees on cross-border transactions until 16 August 2020.
Sole traders can register almost instantly and send money abroad with real-time exchange rates of the currencies.
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By GlobalDataPagoFX CEO Cedric Menager said: “We’ve listened to our users and begun rolling out the new features that matter most to them.
“We are pleased to now support sole traders across the UK and extend our current no-fee programme to them during these uncertain times.
“Whether you prefer to use mobile apps or a web browser, you can expect an easy-to-use, secure and fast process with PagoFX.”
PagoFX’s solution can be used by anyone, from freelancers to tech developers, microbusinesses and home crafters, regardless of the bank they use.
PagoFX will soon offer its services to small and medium-sized companies as well.
