SYDNEY, AUSTRALIA - Media
OutReach - 19 October 2021 - KVB Global
Capital Limited (hereinafter referred to as "KVB Global Capital") is pleased to
announce it now connects with Xero, the global small business platform. KVB
Global Capital aims to simplify cross-border payment processes and
comprehensively improve financial workflows for SMEs, combining the advantages
of GCFX to further reduce the costs of engaging in
global business.
With the rapid changes in the global economy, even though several
SMEs are expanding their business globally to increase profits, cross-border
payment has become a stumbling block of business development. Given the growing
demand by SMEs for international payments, KVB Global Capital now offers multi-currency
cross-border payments with competitive exchange rate advantages and a global
payment network.
Business users only need to connect their GCFX account with Xero to enjoy two major
benefits: 1) Automatic bank feeds – Transactions
conducted through GCFX will be automatically synchronized to their Xero account
daily, without the need for re-entry of data,
simplifying the reconciliation process for the finance team; 2) Express FX payments of bills – With the GCFX app, available in
the Xero App Store, users can manage payment instructions by
currencies, recipients or due dates, and enjoy
a competitive exchange rate to cater for their different business and
geographic needs.
Ms. Ning Sun, Executive Director of KVB Global Capital, shares her
views on this cooperation: "We are pleased to work with Xero in empowering SMEs
engaged in global businesses, and reducing the time and money spent on
cross-border settlement for them, along with enjoying an efficient and
convenient funds transfer experience."
To enhance the customers' experience in using
currency exchange services, there is another partnership with Alipay that was
established at the beginning of this year to provide customers with a one-stop
seamless cross-border money transfer service securely and speedily, anytime
& anywhere. The cooperation with Xero will further strengthen and support
SMEs in cross-border settlements. KVB Global Capital's integration with Xero
will be initially launched in Australia and then connected into other countries
and regions later.
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