Sokin

Sokin is a UK business payments service for international payments, foreign-currency accounts, conversion and mass payouts. It targets companies, and the entity named is Plata Capital Ltd.

Services The company lists international business payments, currency accounts, conversion and mass payouts. Mass payouts matter for marketplaces, platforms and payroll-style flows that need to send many payments in one run.

Coverage Sokin states that it sends payments to more than 170 countries and supports more than 70 payment currencies, with accounts available in more than 26 currencies. The company says these lists are not exhaustive. It also notes that individual products depend on local licensing, so what a client can use in a given country is not uniform.

Markets The United Kingdom is the listed jurisdiction.

What to confirm Fees, limits, onboarding requirements and the regulatory status in each country are not stated in the source data. A business planning to use the service should ask which entity provides each product in its region and under which licence.