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Tazapay’s Global Collection Accounts are named virtual accounts issued under your business name for collecting payments internationally. Separate virtual accounts are issued for different supported currencies, allowing you to collect, hold, and manage funds in over 35 currencies through a single Tazapay account. This streamlines reconciliation, simplifies international operations, and reduces the need for multiple local bank accounts or entities.
No, you don’t need a local entity. Tazapay enables businesses to access multi-currency virtual accounts without the need to incorporate or open bank accounts in foreign markets. This allows you to expand your collections globally with less operational overhead and faster setup.
Tazapay supports collections in 35+ currencies including USD, EUR, GBP, SGD, AUD, HKD, and more. Each currency is supported via its own virtual account, making it easy to manage receivables regionally and across partners or marketplaces.
Unlike traditional accounts that require local incorporation and onboarding, Tazapay’s virtual accounts are issued under your business name and come pre-enabled to receive collections in specific currencies. They can be used for holding, converting, or making payouts—all from one dashboard, with full reconciliation and compliance controls.
Funds are typically settled in near real-time or by the next business day (T+1), depending on the sending country, bank, and currency corridor. This ensures timely access to working capital and better control over cash flow.
By allowing you to collect and hold funds in the original currency, Tazapay gives you the flexibility to time FX conversions strategically or make payouts in any supported currency. This helps you avoid forced conversions and optimize for favorable FX rates.
Yes. While each virtual account is currency-specific, they are not limited to collections from any one country. For example, your USD virtual account can collect payments from the US, UAE, Hong Kong, and any region that supports USD outbound payments—without the need for local presence.
You’ll see the incoming payment reflected in your Tazapay dashboard along with transaction details. You can then choose to hold the balance, convert it, make a payout, or withdraw it to your preferred business bank account, depending on your operational needs.
B2B businesses of all sizes—including exporters, SaaS companies, IT service providers, marketplaces, and travel platforms—use virtual accounts to streamline global receivables. Whether you're collecting large invoices or small marketplace transactions, Tazapay helps unify your cross-border collections in one place.
Is Tazapay regulated to provide Global Collection Accounts?



