Virtual accounts

A multi-functional capability, virtual accounts can help your business by

• Automating reconciliation and funding for your disbursements.
• Providing the ability to receive money in a range of local currencies, without the need to have a jurisdictional presence in the country.

Our Virtual Accounts are externally addressable representations of a bank account and can support up to 25 different currencies. Virtual Account details are available in various local formats for their local IBAN/BBAN, including Denmark, Germany, Luxembourg, and United Kingdom.

This capability must be requested and enabled during the technical configuration of your uP Payouts solution. Additional information on Virtual Accounts can be provided during your Enterprise or Marketplace Onboarding process.