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Teodoro De Corso: many Swiss companies are active in import and export. They import from abroad, create significant added value in Switzerland and export to many different countries with different currencies. We primarily support them in handling their international payments, securing and financing transactions as well as in the area of currency management. This means that the company can focus on its core business.

Let’s take Europe as an example: as Switzerland is not a member of the EU, payments made from the EU to Switzerland and vice versa are not subject to EU pricing regulations. For companies based in Switzerland, it is therefore more expensive to process cross-border payments with the EU. For this reason, many clients from the euro area expect their Swiss suppliers to have an account in the EU. To address this, we offer �۶���Ƶ accounts in Frankfurt, providing direct access to intra-European payment transactions.

One trend we are seeing is that suppliers are increasingly being paid in local currencies.

In order to conduct business in Asia or the US, local account relationships are often required. Looking at the US, for instance, the typical American client will send a check to a Swiss importer. If Swiss SMEs with subsidiaries in the US want to open an account, we can offer them support with our local infrastructures at our office in New York. The same applies to Singapore and Hong Kong. As we already know our Swiss clients well, we are able to provide more efficient and personalized support locally.

One trend we are seeing is that suppliers are increasingly being paid in local currencies, for example making payments to Brazil in Brazilian reals rather than US dollars. This makes it possible to transfer exactly the amount owed and also increases transparency with respect to the exchange rates applied. With �۶���Ƶ Pay Worldwide, we are now offering payments in 130 currencies.

When SMEs grow significantly internationally, the number of bank and e-banking accounts usually also increases. This often leads to them quickly losing an overview of who can access which accounts and who is authorized to initiate which payments. Access rights and rules have to be managed centrally and, most importantly, efficiently. IT systems for access management and the handling of international payments offer key support in this area. With our experience in various treasury and payment systems, we are also well positioned to offer advice here.

Every client situation is different. We enjoy gaining a deeper understanding of their payment processes and being able to generate added value through our solutions. Our objective is to make the world smaller for clients operating internationally.