PayDo, the payments technology platform, has introduced dedicated USD IBAN accounts available through the SWIFT network, significantly improving access to international transfers for its clients. This strategic launch enables businesses and professionals to receive US dollar payments directly, avoiding delays often caused by intermediary bank checks.
Simultaneously, the FCA authorised payments provider has doubled its currency support, now offering management and exchange capabilities for over 60 national and regional currencies from a single platform.
The introduction of the USD IBAN is designed to streamline how companies operating across borders manage funds in a major global currency. Clients can now send, receive, hold balances in USD, and exchange funds into other supported currencies, all within the platform. Critically, all transactions adhere to PayDoâs internal compliance procedures, which removes the need for slow, third-party screening and ensures faster settlement times.
Improving speed and transparency
The new USD accounts are part of a broader effort to provide more practical and versatile tools for international money movement. By consolidating support for over 60 currencies, including EUR, GBP, JPY, NGN, and AED into one multi-currency account, PayDo is reducing operational friction for its global user base.
âOur clients require practical tools for managing international payments. They appreciate speed, transparency and versatility, so we put these values at the centre of the update,â said Serhii Zakharov, founder and CEO at PayDo.
He explained that the launch of the USD IBAN via SWIFT reflects the firmâs ongoing commitment to providing payments infrastructure that adapts to clientsâ day-to-day needs. âIt also simplifies the process of holding and moving funds in major currencies, without unnecessary steps or delays.â
The expanded currency support allows users to receive, store, exchange, and send funds globally with consistent operational procedures across all supported regions. This versatility covers payments to partners, vendors, contractors, and institutions in both developed and emerging markets, ensuring the service maintains seamless compliance and efficiency regardless of the geographical destination.
The new USD IBAN feature is currently live and available to all verified account holders, with existing clients able to access it through their account dashboard.
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