Hold more currencies and reduce avoidable FX costs
Stripe expands multi-currency settlement to 37 markets
Stripe is expanding multicurrency settlement so businesses in 37 markets will be able to settle payment earnings in up to 18 currencies by the end of 2026, depending on their location and eligibility.
Stripe has also introduced instant currency conversion. Businesses can convert funds between 15 currencies through the Dashboard, API or mobile interface. The feature operates 24/7, with real-time rates and no weekend surcharge, according to Stripe’s announcement.
This matters because international businesses often face the “double FX trap”:
- Customer payments are converted into the business’s home currency.
- The business later converts funds back to pay an overseas supplier or contractor.
- The company pays conversion costs twice.
Action for your business:
- List the currencies your customers pay in.
- Identify the currencies used for suppliers, payroll and advertising.
- Keep funds in the original currency where practical.
- Convert only when you have a genuine operating need.
- Reconcile each settlement against your payment platform and bank records.
This can reduce unnecessary FX leakage. However, you must still record the correct sterling value of transactions and track realised or unrealised exchange differences for your accounts.
Razorpay introduces foreign-currency settlement for exporters
Razorpay’s Multi-Currency EEFC Account enables exporters to receive settlements directly in USD, EUR, GBP, AED and SGD, without immediate conversion into Indian rupees.
The Razorpay newsroom release explains that the account is designed to reduce repeated conversion cycles and give businesses more control over when they convert foreign earnings. The official release was published in August and updated on 7 September 2026.
The wider lesson is relevant to any international seller: your payment account should match your cash-flow needs. A multi-currency business account can be valuable when you regularly receive and spend in the same foreign currency.
Keep a currency-by-currency schedule showing:
- Opening balance.
- Payments received.
- Refunds and chargebacks.
- Supplier payments.
- Bank or platform fees.
- FX conversions.
- Closing balance.
This structure makes ecommerce bookkeeping UK businesses easier to review and helps your accountant identify missing transactions.
Nu Global combines US banking with stablecoin-based transfers
Nu has launched in the United States through a partnership with FDIC-insured Lead Bank. At the same time, it introduced Nu Global, a multi-currency account using USDC and EURC to support transfers across more than 35 countries.
According to Nu’s Business Wire announcement, the product is aimed at customers with international financial needs. It is initially focused on Europe and Latin America and includes a virtual Mastercard.
For SMEs, stablecoin-linked accounts may offer faster settlement and lower transfer costs. They also require careful records. Treating every movement as a simple bank transfer could create errors in your bookkeeping, especially where balances are converted, spent or exchanged.
Record the asset, currency, value and transaction date for every movement. Keep platform statements and conversion records so your accounts can be supported later.
Aspire links a multi-currency account with Mastercard spending
Aspire has commercially launched an enhanced multi-currency business account integrated with a Mastercard World Business Debit Card.
The announcement reported through Investegate describes a combined platform for:
- Multi-currency account management.
- Domestic and international payments.
- Foreign exchange.
- Payroll and direct debits.
- Supplier payments.
- Business debit-card spending.
- Trade finance of up to £5 million for eligible customers.
The benefit is operational consolidation. You may not need separate providers for an account, card, FX and selected working-capital services.
The control requirement is equally important. Set clear spending rules and reconcile card transactions weekly. This prevents duplicated expenses, uncategorised payments and VAT errors.
Access working capital using live sales data
Ping An Digital Bank offers purchase-order financing for ecommerce SMEs
Ping An Digital Bank has launched collateral-free Purchase Order Financing for cross-border ecommerce businesses. Eligible merchants may receive up to 95% of accounts receivable, with facilities of up to US$5 million and approval and drawdown as fast as T+1 business day.
The product uses real-time sales data from cross-border buyers and platforms rather than relying only on traditional financial statements. Details are reported by The Asian Banker.
The 95% advance rate and T+1 timing are maximum parameters, not guaranteed terms for every applicant.
Prepare your business before applying:
- Keep platform sales data complete and consistent.
- Reconcile orders, refunds and chargebacks.
- Maintain accurate aged receivables.
- Separate revenue by market and currency.
- Track inventory commitments against available cash.
- Store customer and buyer documentation securely.
Good ecommerce bookkeeping is now part of your funding infrastructure. Accurate data can support lending decisions, while incomplete records may delay or weaken an application.
iwoca brings loans of up to £1 million to Starling users
Starling Bank customers can now apply for iwoca business loans from within the Starling app or online banking. The facility ranges from £1,000 to £1 million, with terms from one day to five years and no early repayment fees.
As iwoca explains, iwoca provides and manages the loan. Starling provides the cus
