Cross-border payments have long been plagued by inefficiencies—multiple intermediaries, complex compliance checks, and opaque fees result in high costs, slow settlements, and operational friction. Some cross-border business merchants may explore foreign bank accounts to simplify transactions, but they often encounter:
🔹 Stringent Requirements: Cumbersome KYC processes and eligibility documentation
🔹 Hidden Costs: Excessive FX markups, wire fees, and minimum balance rules
🔹 Operational Risks: Geographic restrictions and frozen funds
To overcome these challenges, Pyvio has built global local clearing networks through strategic partnerships with leading primary banks and financial institutions, including Standard Chartered, Kora, Currencycloud, DBS, etc. Those partnerships allow Pyvio to receive and send funds in local currencies across the globe, enabling:
✅ Local-Currency Transactions: Bypass FX fees and volatility
✅ Faster Settlements: 70% faster settlement vs. traditional banking delays
✅ Cost Efficiency: 66% lower fees than conventional cross-border transfers
Since early 2025, Pyvio has formed a strategic alliance with Standard Chartered, a leading international bank with a robust presence in emerging markets like Asia, Africa, and the Middle East. This collaboration focuses on providing top-tier digital payment and settlement services for B2B trade and e-commerce businesses entering these regions.
By combining Pyvio's market insights and product expertise with Standard Chartered's global financial capabilities, this alliance will:
✅Streamline cross-border payments for B2B and e-commerce.
✅Facilitate expansion into "Belt and Road" markets.
✅Strengthen Pyvio's strategic presence in emerging markets.
✅Reduce transaction costs through optimized FX and settlement solutions.
This partnership marks a significant milestone for Pyvio in fostering a more efficient, inclusive, and digitally empowered global trade ecosystem.
Pyvio will continue to enhance its cooperation with Standard Chartered, offering superior cross-border payment solutions for B2B and e-commerce merchants in emerging markets, and paving the way for a more integrated global financial landscape.