BNY Mellon launches new SmartPay Global
February 26, 2019

BNY Mellon has announced the launch of SmartPay Global, a foreign exchange (FX) and multi-currency service that allows seamless payments in more than 160 countries from a single US or UK-domiciled account.

It says SmartPay Global offers two main services:

FX Payments and Receipts: Enables participants to utilize a single BNY Mellon account to make a payment in more than 125 currencies or receive a payment in more than 40 currencies.

Global Payments and Receipts: Allows users to make and receive payments in the local currency of their BNY Mellon account, with accounts available in more than 40 countries.

Financial institutions with global payment requirements can use SmartPay Global to access BNY Mellon's existing FX and multi-currency payment solutions, with minimal onboarding and integration.

The service enables users to offer an expanded selection of currencies to their clients and provides a range of customizable options for applying FX rates and tiers to their clients' payments and receipts. As a result, participants can utilize SmartPay Globalto offer clients differentiated FX payment pricing.

In addition, SmartPay Global enables users to offer FX and multi-currency payments to their clients without concerns about losing control of the relationship to a third party.

"The seamless cross-border payment experience of SmartPay Global stays true to our overall vision of delivering a trusted, safe, and simple payment experience to clients," said Paul Camp, Chief Executive Officer, BNY Mellon Treasury Services.

"SmartPay Global provides our clients with access to a simple yet highly customizable payment solution that can meet the needs of their clients, while underpinned by BNY Mellon's leading payment technology."

"FX markets are constantly evolving – and so are we. SmartPay Global is an example of how our investment in FX platforms are delivering world class payments solutions to our clients," said Ed McGann, Head of FX Overlay and FX Payments, BNY Mellon Markets.

"The partnership between Markets and Treasury Services enables us to meet the needs of our clients through integrated FX and payments capabilities in a seamless and efficient manner."





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BNY Mellon has announced the launch of SmartPay Global, a foreign exchange (FX) and multi-currency service that allows seamless payments in more than 160 countries from a single US or UK-domiciled account.

It says SmartPay Global offers two main services:

FX Payments and Receipts: Enables participants to utilize a single BNY Mellon account to make a payment in more than 125 currencies or receive a payment in more than 40 currencies.

Global Payments and Receipts: Allows users to make and receive payments in the local currency of their BNY Mellon account, with accounts available in more than 40 countries.

Financial institutions with global payment requirements can use SmartPay Global to access BNY Mellon's existing FX and multi-currency payment solutions, with minimal onboarding and integration.

The service enables users to offer an expanded selection of currencies to their clients and provides a range of customizable options for applying FX rates and tiers to their clients' payments and receipts. As a result, participants can utilize SmartPay Globalto offer clients differentiated FX payment pricing.

In addition, SmartPay Global enables users to offer FX and multi-currency payments to their clients without concerns about losing control of the relationship to a third party.

"The seamless cross-border payment experience of SmartPay Global stays true to our overall vision of delivering a trusted, safe, and simple payment experience to clients," said Paul Camp, Chief Executive Officer, BNY Mellon Treasury Services.

"SmartPay Global provides our clients with access to a simple yet highly customizable payment solution that can meet the needs of their clients, while underpinned by BNY Mellon's leading payment technology."

"FX markets are constantly evolving – and so are we. SmartPay Global is an example of how our investment in FX platforms are delivering world class payments solutions to our clients," said Ed McGann, Head of FX Overlay and FX Payments, BNY Mellon Markets.

"The partnership between Markets and Treasury Services enables us to meet the needs of our clients through integrated FX and payments capabilities in a seamless and efficient manner."



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