Automated FX and cross-border payments to transform your international business.
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Foreign exchange
FXmicropay
Rates, currencies and certain financing products are provided by NatWest Markets PLC and its subsidiaries. For more information, visit our ring-fencing page.
What is FXmicropay?
It’s a sophisticated foreign exchange (FX) toolkit for corporates and financial institutions.
FXmicropay can be used to:
- Access new markets.
- Automatically manage FX risks.
- Leverage capabilities to automate and simplify your processes.
Sector toolkits
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Your capital is at risk. Finance is subject to status. Security may be required. Product fees may apply. Specific eligibility criteria apply.
E-commerce
This is the complete currency toolkit to support your international expansion strategy.
Financial institutions
Use FXmicropay to optimise currency management processes with our toolkit for financial institutions.
Integrations
We have virtual currency accounts across 23 core currencies. This reduces the need to open physical currency accounts.
Travel and leisure
Optimise your currency management processes with our FXmicropay toolkit for travel and leisure sectors.
Each transaction will have a ‘guaranteed period’. After this, the rate offered will be withdrawn. This period is agreed by currency pair when you sign up. The cost of the guaranteed period is included in the FX spread. It varies depending on individual needs.
Automatically manage risk
FX rates on international sales are guaranteed for as long as you need.
- The cost varies depending on your business requirements.
- You can protect profits from currency fluctuations.
- This mitigates risk between pricing and execution.
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Generate revenue
Fixed FX margin on international transactions with guaranteed rates.
- Capture margins lost to other participants in the payment chain.
- Take control of FX rates and bring FX revenue in house.
- Revenue and cost savings depend on your services and processes.
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Grow international sales
Price transparency across over 100 currencies. It means you can:
- Support any online payment method in those currencies.
- Buy with confidence and increase sales conversion.
- Automatically convert foreign currency receipts.
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Increase operational efficiencies
FXmicropay can integrate seamlessly into existing technology solutions.
- Reduce the time that you spends on FX and cash management.
- Automate FX pricing, booking and execution.
- Automatic transaction aggregation and netting for improved FX execution.
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Lower cost for FX execution
Source FX rates and execute directly with an award-winning trade house.
- Benefit from rates based on wholesale FX rates.
- Costs are typically charged as a simple FX margin. This varies depending on the service you have.
- Other implementation or licence fees may apply depending on your requirements.
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