Consider a scenario where a business relies on a single account to collect customer payments—tracking and reconciling such payments would pose significant challenges. E
Enter unlimited virtual bank accounts, a game-changer that allows businesses to generate virtual accounts on demand.
For instance, imagine a logistics company needing to confirm payment post-delivery. With unlimited virtual accounts, they can effortlessly generate a unique account for each customer, simplifying the confirmation and reconciliation process.
Introducing these unique virtual International Bank Account Numbers (IBANs) for each customer further adds a layer of accuracy to transaction tracking.
The utility of unlimited virtual accounts extends beyond businesses; financial institutions and fintechs also benefit from this feature. From lending and loaning to payment providers, saving, and investment fintechs—virtually any financial service can leverage the advantages of unlimited virtual bank accounts.