Businesses

International payments simplified

Expanding into new territories can be slow, complex, and resource-intensive. For businesses, everything from delayed business account setups to fragmented payment services can quickly stall momentum.

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Built for scaling businesses

Launching into new markets or optimising existing operations? Our platform is designed to meet the real-world demands of modern finance, treasury and operations teams. With the products below, you will get speed, visibility and control over your cross-border payments.

Multi-currency accounts

Open a UK business account to send and receive different currencies in one place. No need to open multiple foreign currency accounts.

Simplify currency management

Mass payments

Send thousands of money transfers across the world in one simple process, perfect for high-volume global payments.

Simplify bulk payments

Currency exchange

Execute spot contracts instantly within the platform, and conveniently view any forward contracts booked through our brokerage team—all in one place. Access up-to-date foreign exchange rates and seamless currency conversion to support your operations.

Brokerage services

For businesses looking for more hands-on support, our brokerage team offers a personalised service designed to help you manage currency risk and protect your bottom line. Working closely with you to understand your exposure and cash flow, our experts can provide a suite of FX tools—including spot contracts, forward contracts, market orders, and stop loss strategies. Whether you're hedging future liabilities or reacting to market movements, we're here to ensure your FX strategy works as hard as you do.

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Helping you overcome common stumbling blocks

Soon many of these common barriers to growth will be a thing of the past.

  • Delays in setting up local bank accounts
  • Managing and reconciling multi-currency inflows and outflows
  • Lack of visibility across global cash positions
  • Payment infrastructure and processes that don’t scale
  • Expensive FX costs and inconsistent pricing

What Our Clients Say About Us

  • “We have been hugely impressed with the professionalism, knowledge and assistance the IFX team have brought to our foreign currency transactions. I would not hesitate to recommend them to anyone who needs a fast and efficient FX service.”

    Finance Director, AFC Bournemouth David Holiday

  • "The ibanq platform is user-friendly and provides very competitive FX rates as well as the most up-to-date security protocols with a sleek design. It's difficult to say where they could improve."

    CEO, Pharmaceutical company

  • "IFX has been a great move for us. Not only does IFX provide a tailored FX solution, they offer a unique service where suppliers can be paid in multiple currencies through a mass payments solution, and all supported through one IBAN."

    Finance Director, UK based shipping company
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Start a conversation today

If you’re a financial institution, speak to our expert team to see how we can support you with tailored international payment services. With decades of experience, they’re primed to deliver a bespoke offering for your business.

FAQs

You don’t necessarily need a bank account for international business payments. For example, you could instead use a multi-currency virtual IBAN, which lets you send money and receive payments in different currencies without having to open multiple business accounts in different countries or manage separate account details.

With IFX, for example, you can open a multi-currency account which lets you: 

  • Send money and receive payments in 46 currencies
  • Hold funds without converting right away
  • Access payment networks like SWIFT, SEPA and Faster Payments

It’s often faster to open than with traditional banks, simpler to manage, and designed for international business payments.

Different payment networks serve different purposes. Some are built for speed, others for reach or cost efficiency. Here are the most common rails used for international payment services:

  • SWIFT: The global messaging network for secure cross-border payments. Best for high-value or regulated transactions where global reach and compliance are priorities.
  • SEPA: Used for EUR payments across the EU and EEA. Fast and low-cost, with SEPA Instant available in many markets for real-time settlement.
  • Faster Payments: A UK rail for instant GBP transfers. Ideal for domestic payouts and time-sensitive disbursements.
  • CHAPS: Used in the UK for large, same-day GBP payments. Often preferred for corporate treasury or urgent transactions.
  • ACH: The US system for low-cost, batch USD transfers. Best for non-urgent transactions like payroll or recurring supplier payments.
  • Local payment rails: Systems like NPP (Australia), UPI (India), and PIX (Brazil) offer fast, low-cost ways to reach local payees, often in real-time.

IFX Payments is not a bank. We’re a payment services and foreign exchange services provider for businesses. We provide access to accounts that support receiving, holding, and sending money in multiple currencies, which is ideal if you operate across borders.

Though our platform offers some features similar to banks, like multi-currency capabilities and international transfers, we don’t offer services such as debit or credit cards, standard current accounts, or business loans. Instead, we focus solely on end-to-end global payment processing, delivering faster turnaround times, fewer limitations, and highly competitive exchange rates that help you stay agile in international business.

We’re regulated by the Financial Conduct Authority, under the Electronic Money Regulations 2011 (FRN 900517) for the issuing of electronic money.

IFX Payments is authorised and regulated by the Financial Conduct Authority (FCA) in the UK.

Our infrastructure, policies, and practices ensure we operate to the highest industry standards.

Getting started is simple. Just fill out our short online form, and a member of our team will be in touch to understand your business needs. A dedicated account manager will guide you through the onboarding process, help set up your account, and walk you through the online platform so you can quickly start sending and receiving payments in multiple currencies.