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Global Payments
Execute fast and cost-effective international payments
Eliminate the burdens of international business payments. Avoid hidden fees, high transaction costs, and delayed settlements that make doing business globally more difficult.
- Send money abroad in 70+ currencies1 from your device
- Access faster payments via local rails in foreign countries
- Avoid exchange markups and hidden fees
Fast and secure global payments from your device
Make fast payments globally
Send funds in 70+ currencies1 across 170+ countries with access to multiple local payment methods, SWIFT, and instant payments to other Sokin accounts.
Save when you send
Avoid hidden fees and exchange rate markups. Access wholesale rates on all payments and send money instantly to Sokin accounts for free.
Secure your business payments
Ensure every payment is authorised by the right person with defined user roles. Empower your team while maintaining control of your business funds.
How it works
Hassle-free international payments
Access local payment methods in key markets
Cut transaction fees compared with traditional methods for international transfers and increase success rates with local payment methods.
- Eliminate the need for wires Avoid the delays and high fees of traditional wire transfers. Send money through local payment networks, just like a local business.
- Save on international payments Cut costs on global transactions. No unnecessary intermediaries, just more affordable payments.
- Pay using details your beneficiaries know and trust Make transactions effortless. Send payments in a way that feels familiar and convenient for your recipients.
Optimise global cash flow instantly, whenever you need it
Make free and instant payments between Sokin accounts. Avoid the delays of traditional payment methods and keep funds moving around the clock.
- Access real-time payments across global branches Transfer money instantly between your worldwide branches. Ensure smooth operations by eliminating waiting periods and transaction fees, even on weekends and holidays.
- Pay vendors and suppliers instantly Pay your global network of suppliers, vendors, and contractors instantly. Reduce payment friction and keep your business running without invoice delays.
Effortlessly send up to 5,000 unique payments at once
Save time and reduce the risk of errors from manual processes when making payments to multiple global stakeholders.
- Add multiple beneficiaries seamlessly Skip manual data entry and use our simple templates to securely upload beneficiary details in bulk. Save hours and reduce the risk of errors.
- Pay via the fastest, most cost-effective routes Send payments using the fastest and most cost-effective routes for your recipients. Save time and reduce fees on payments across multiple currencies, amounts, and transfer methods.
Why choose us for global payments?
Process payouts in 70+ currencies1 and make payments faster with access to local and international payment rails worldwide.
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Get consistent FX spread on every payment
Know exactly what you're paying, no matter where you send money. Plan with confidence and avoid unexpected costs on global transactions.
Automate payouts with the Sokin API
Send funds and convert currencies without manual input. Eliminate repetitive tasks and customise your payment experience with the Sokin API.
Send money anytime, even after hours
Make free and instant international payments to other Sokin accounts, even after hours and on weekends. Keep business moving, no matter the time of day.
Pay multiple beneficiaries at once
Process up to 5,000 unique international payments in one go. Save time, reduce manual work, and streamline large-scale payouts.
Prevent unauthorised transactions
Keep your funds safe with built-in approval controls. Set user permissions for payment authorisation, ensuring every transaction is reviewed before it’s sent.
Built for your trust
Your funds are always safeguarded
We keep your funds segregated from our own and place them with reputable banking partners, giving you confidence that your money is protected.
We're licenced across key markets
We operate under a global suite of licenses and regulatory approvals, meeting strict standards wherever you do business. See our full regulatory details here.
Bank-grade security protects your account
We’ve built our infrastructure to meet bank-grade security standards and advanced threat protection, so you can focus on growing your business. View our Trust Centre.
Global payments FAQs
How long does an international transfer take?
The time it takes for an international transfer to go through depends on the payment method and destination. For SWIFT payments, transfers typically settle within two business days. Local payment methods are usually quicker, with transactions often completed within minutes, or at most, within 24 hours. However, certain methods, such as ACH deposits in the US, can take around 2-3 business days to clear, depending on the bank and cut-off times.
What details are needed for international bank transfers?
To send an international bank transfer, you'll need the recipient’s full name as registered with their bank, along with their bank name and address. You’ll also need their account number or IBAN (if they’re in a country that uses IBANs), as well as the bank’s SWIFT/BIC code. In some cases, you may also need a sort code or routing number, depending on the country. Adding a payment reference is optional, but it can be helpful for tracking the transfer.
Is it better to pay via SWIFT or local payment methods?
It really depends on what you need from the transfer. SWIFT payments are widely accepted and secure, but they can be more expensive and take longer to process. If speed and lower fees are your priority, local payment methods are often the better choice, especially when sending money within the same currency. If both options are available, it’s always worth checking which one works best for your specific transfer.
What fees will I pay on transactions?
We charge two main types of fees on payments: a transaction fee and an FX fee. Transaction fees apply to all external transfers, while a fixed FX fee is charged whenever you convert currencies, regardless of the currency pair involved. These fees are transparently presented at the time of the transaction.
Manage business payments anywhere with the Sokin app
*New customer onboarding is only available via our web portal.
