Resumen
PayAlly is a business payments service offering international companies multi-currency settlements, liquidity management and personal support. Its UK entity is PayAlly Limited, an electronic money institution authorised by the Financial Conduct Authority under FRN 944721 (UK company number 10600055), based on Coleman Street in London.
Services - Multi-currency accounts for holding funds in several currencies without constant conversion. - Global payments to suppliers, contractors and partners. - FX, payroll and virtual cards. - Routing that selects the channel for each transfer.
A multi-currency account lets a company receive payment in one currency and pay a supplier in the same currency, avoiding double conversion and bank fees.
Entity structure Client funds are held in segregated accounts at partner banks. Services in national currencies are provided by PayAlly Limited. In Canada the entity is PA West Services Ltd, with MSB registration M23074796. Virtual assets are handled by Swiss Secure Digital Solutions AG, a member of the VQF self-regulatory organisation, which is not a banking licence.
Who it suits Importers, exporters, online companies with an international audience and agencies with distributed teams. Currency list, countries served and fees are set when the account is opened.
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