Amaiz has launched an international payments service covering 96 countries, targeting small enterprises that need to settle invoices with overseas suppliers, contractors, and freelancers.
The facility routes transactions through domestic banking infrastructure rather than relying automatically on traditional SWIFT rails or standard payment processors, aiming to make transfers faster and potentially “more cheaply”.
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According to the firm, funds sent via the platform typically reach recipients within 24 hours, with select transactions clearing on the same day.
The feature is intended for companies making routine, low-value foreign payments. It covers jurisdictions including Bangladesh, China, India, Nigeria, Pakistan, the Philippines, and Thailand.
Pricing for the service is set at 0.75% plus €1.49 ($1.7) for domestic bank transfers and 0.75% plus €1.99 for transactions sent to digital wallets.
Additional foreign exchange conversion costs and third-party fees may apply, with users shown a “precise quotation” before committing to a transfer.
The service is integrated into Amaiz’s central platform, allowing businesses to administer everyday outgoing payments from a single interface.
Access is restricted to approved users holding a euro account, contingent on route availability, geographical constraints, and compliance checks.
The company also accepts onboarding requests from non-UK residents operating UK-registered entities, subject to its verification criteria.
Amaiz CEO (UK) Steve Taklalsingh said: “Many small businesses automatically use their bank or their usual payment provider when paying someone overseas. However, that can be expensive. For routine, lower-value payments, a local transfer can be quicker, easier to track and more cost-effective.”
“We encourage businesses to compare the final amount the recipient will receive, not simply the headline fee. Amaiz brings several payment methods together in one account, so customers can choose the best route without assembling a patchwork of providers for different markets.”
Regulated by the Financial Conduct Authority (FCA) as an electronic money institution rather than a bank, Amaiz currently provides corporate accounts, debit cards via Mastercard, Faster Payments, SEPA, and SWIFT services.
