PagoFX Becomes Available for UK SMEs

UK's fintech start-up PagoFX announced on Tuesday that its low-cost international money transfer service is available from 1 December 2020 for small businesses in the UK with the launch of PagoFX for Business. 

​The service is open to UK-based small to medium enterprises, no matter who they bank with. PagoFX is a part of PagoNxt, a new autonomous business created by Banco Santander to bring together its most disruptive payments businesses to compete with global digital payments platforms.

PagoFX for Business brings together the best of fintech with the smarts and security of a major bank. Business customers get access to fast international transfers through an easy-to-use app or via PagoFX.com, backed up by bank-level security and dedicated customer service.

Small businesses can sign up for a PagoFX for Business account on PagoFX.com and will need to complete a quick verification process, including taking a selfie. Once finalised, they’ll be able to make a transfer within seconds.

PagoFX for individuals was launched in April this year to all UK residents for fast, low-cost international money transfers, and extended to UK sole traders in June. 

Cedric Menager, CEO at PagoFX, says: "At PagoFX, our mission has always been to bring the best of technology and finance to everyone. The launch of PagoFX for small business takes us another step further, ensuring that UK small businesses can send money abroad quickly and at low and transparent costs."