Articles

Increase your profit margins with our payment solutions

By Roseanne Bradley October 9th, 2023

What if told you there was a way to reduce the amount the time your employees spend on back-office tasks, increase business operational efficiency and increase profit margins?

If this sentiment appeals to you, it’s time you discovered our fintech suite…

The Smart Group has a financial technology division, we call it Fintech, which offers a range of robust cross-border, foreign exchange and hedging payment solutions that can help businesses, like yours, automate high frequencies of manual payments.

We have a broad suite of solutions that can provide additional capability to your financial technology platforms.

What is Fintech?

Fintech is a combination of the words “financial” and “technology”. Together it refers to ways of making financial processes or traditional payment methods more efficient using advanced technology.

What are APIs?

API stands for application programming interface. It’s a piece of tech you can add to your existing payment platform that allows two applications to talk to each other.

We encounter APIs every day, but you might not recognise them. For instance, when you open the weather app on your phone, the application uses APIs to source the data from elsewhere. It does this by connecting to the internet and sending data to a server. The server retrieves the data, interprets it and sends it back to your phone. Your weather app then interprets that data and presents it to you in a format you know and understand.

From a business perspective, it can be beneficial, especially concerning payments.

What are the benefits of our payment solutions?

Efficiency and simplicity are at the heart of our payment solutions. They offer…

  • Streamlined payment processes
  • Comprehensive reporting
  • An improved product offering
  • Enhanced customer experience
  • The option to scale with ease
  • Real-time FX rates

Learn more about our payment solutions

We offer two types of solutions which can be tailored to your bespoke requirements:

API solutions

Smart Currency’s APIs can elevate your product suite with robust payment solutions that allow you to incorporate international payments, foreign exchange and hedging while saving your team time normally spent on manual back-office tasks.

These services can be tailored to your needs. You can automate some or all functionalities while accessing a dedicated account manager.

Mass Payments

Regardless of the industry you work in, many SMEs need to make multiple payments to suppliers, retailers or clients. Regardless of the payee, the Smart Currency Mass Payments solution allows you to complete mass payments either domestically or internationally by consolidating multiple payments into one action.

Request a callback today to see how they could work for your business