Virtual IBAN Account: A Practical Guide – Guide for Global Business Payments

Summary: A virtual IBAN account enables businesses to send and receive international payments without opening multiple local bank accounts, streamlining global transactions and improving payment clarity.

What it does

It provides a single virtual IBAN to manage cross-border payments, replacing the need for multiple local accounts in different countries.

Who it's for

Businesses operating internationally that require efficient management of global transactions.

Why it matters

It simplifies international payment processes and reduces the complexity of managing multiple local bank accounts.