Epay has released a new service allowing companies worldwide to conduct business transactions using prepaid debit cards with no foreign exchange conversion fees. This feature will save users around 3% per transaction, claims the company, which is the standard cost of conversion.
Users of the EPAY service can pay merchants, employees, clients or affiliates. With no integration fees, cost per card starts from US$4.99 and each card has a high US$10,000 limit. The EPAY prepaid MasterCard has been designed to meet the needs of international companies of any size with needs from two to 200,000 plus cards.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.