Raitis Kaucis, Founder and CEO In the era of proliferating digital businesses, reaching clients beyond international borders is a necessity and gradually becoming the norm. However, they face a critical roadblock while transacting with overseas clients in multiple currencies. Traditional banking channels usually cannot offer the flexibility in multicurrency transfers required by online businesses. Neither can these banks offer them a single account for sending and receiving multicurrency payments.
Octopus Pays is changing the narrative around cross-border transactions with its smart business account, supporting multicurrency payment transfers. Its unique payment solution is built to fulfill all international money transfer needs of digital businesses.
“We are a one-stop payment solution bringing flexibility in adding new payment options for cross-border business transactions,” says Raitis Kaucis, founder and CEO of Octopus Pays.
Its innovative B2B payment solution comes as a boon to online merchants, export companies, digital startups, and e-businesses sending and receiving payments to and from countries in multiple currencies, including Canadian and US dollars and Euro. It enables online merchants and businesses to hold e-wallet accounts in different currencies, easing international business transactions.
Octopus Pays’ smart business account is equipped with card processing abilities to support multiple cards. It can also be used to pay for online educational courses and gaming deposits. Besides, Octopus Pays provides digital businesses cryptocurrency services, allowing them to make transactions by enabling crypto processing on their smart account.
The robust data privacy and security features of Octopus Pays’ solution ensure customer data is protected per GDPR rules, and each login, payment, and important function in the account is secured by two-factor authentication.
Digital businesses can combine their various currency accounts in different banks into one with Octopus Pays. They can receive and send e-money in multiple currencies and payment sources across continents without incurring added expenses in maintaining separate forex accounts for each currency in different banks.
A small and nimble company, Octopus Pays is open to going beyond to develop customized payment solutions for each digital business’s unique multicurrency transaction requirements. This boutique banking approach has enabled Octopus Pays to foster longterm relationships with customers, who continue to reap the benefits afforded by its payment solutions.
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We are a one-stop payment solution bringing flexibility in adding new payment options for cross-border business transactions
For instance, a merchant needed to send many payments to clients in a different continent, which was quite expensive due to high international forex charges. Octopus Pays stepped in with an e-money payment solution, offering fast, easy, and cheap money transfers for automated mass payments. The merchant could upload the list of beneficiaries in a single file on the solution and instantly send out the payments in multiple currencies.
The capabilities of Octopus Pays’ payment solutions stem from the varied backgrounds of its knowledgeable team of experts. Carrying experience in mobile phone billing and traditional banking, they seamlessly blend their knowledge of conventional banking with an in-depth understanding of new payment methods to develop novel payment solutions. Having worked in international locations, the team brings a fresh outlook that matches its payment solutions and enables its reach beyond North America and Europe to Latin America and Southeast Asia.
Powered by its illustrious team, Octopus Pays is at the forefront of a paradigm shift in multicurrency digital transactions. Moving away from brickand- mortar banks, it is heralding a new era of delivering international banking services from the convenience of a mobile app. Connecting online merchants all over the world through its modern payment solutions, Octopus Pays is paving the path for digital businesses to go truly global.
