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International businesses often lose time and money when every euro payment has to travel through SWIFT. This video explains how compliant access to local payment rails such as SEPA can improve speed, cost and operational resilience.
Transcript excerpt
So, a lot of people don't realize this. Normally, if you want to have a Euro separate account, which is the European local payment rails, you need to have a bank that's in Europe. So, this means if you're not in Europe and you have a bank in the US or South America or Asia, you're usually stuck with Swift, which is expensive as it takes 3 to 5 days. But what we do and how Redomiciled works for our clients is we help our European clients get local euro payment rails with banks outside of Europe. Now, let me tell you how we do this. The key to this is offshore banks, but not just any offshore banks. Specialized offshore banks that provide these services to European citizens who have offshore businesses.
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