Move money between Sokin accounts. Instantly.
Instant, fee-free transfers in 26 currencies to your subsidiaries, partners or business stakeholders in 200 countries.
Global Payments
Send money anywhere in the world instantly with Direct
Run global payment operations without delays with Direct, a free, and instant payment network between Sokin users. Move money seamlessly between your branches, partners and vendors worldwide.
Payments work better when both sides are on Sokin
Make on-time payments every time
Strengthen your business relationships by enabling an instant fee-free payment network with Direct.
Keep operations moving 24/7
Get instant settlement between Sokin accounts, 24/7, including weekends and public holidays.
Save on your everyday business payments
Eliminate fees on routine transfers such as internal treasury movements, intercompany payments, and high-frequency supplier transactions.
How it works
Payments don’t need detours. Go Direct.
Invite your business stakeholders
Unlock instant, fee-free payment on your business transactions when your suppliers, subsidiaries or partners join Sokin.
Direct vs traditional systems for global payments
Direct
Traditional systems
Intercompany payments
Instant and fee-free between your Sokin accounts
Slow and expensive
Cash flow optimisation
Instant settlement, no matter where you send to in the world
A 2-5 day uncertainty window before settlement
Convenience
Unlimited and fully online
Limits, bank cut-off times and manual processes often apply
Availability
Available 24/7
Subject to bank cut-offs, weekends and holidays
Visibility & reconciliation
Real-time visibility of your balance due to instant settlement
Limited visibility due to delayed settlement and inadequate monitoring functionalities
Transform business payments across these use cases
Multi-entity businesses
Move funds instantly between global subsidiaries. Get funds where it’s needed without bank delays or fees.
Distributors & wholesalers
Pay overseas partners on time with instant, fee-free transfers.
Platform & ecosystem businesses
Enable free and instant payments across partner accounts programmatically using Sokin Direct.
Move funds instantly between your global branches
Eliminate transaction fees on internal treasury movements and keep your books updated with instant settlement.
Create embedded finance solutions for ecosystem stakeholders
Increase revenue by embedding payments and FX into your services to offer free and instant financial services to your business partners.
Improve the reliability of your global distribution network
Create a fee-free and instant payment network with distributors in critical markets, ensuring payments arrive on time and in full.
Run operations uninterrupted with a 24/7 instant payment route between Sokin accounts
Bypass traditional banking constraints like cut-off times, holidays, and differing time zones, allowing your business operations to continue smoothly and efficiently around the clock.
Start using Direct
