In cross-border trade, money doesn’t simply move — it passes through a network of banks and intermediaries, each taking a small cut. Those seemingly minor deductions add up fast.
According to McKinsey’s Global Payments Report 2023, over $250 trillion in cross-border payments flow worldwide every year — and a significant portion of that value erodes through FX markups, double conversions, and delays. For exporters, SaaS firms, fintechs, and digital marketplaces, these invisible losses directly reduce profit margins.
Most businesses don’t notice until they reconcile. The reason? Every unnecessary conversion or intermediary hop means lost value. Virtual accounts change that.
FX losses rarely stem from bad luck — they come from how traditional systems handle money movement:
Even a 1–2 % FX spread across large volumes can cost hundreds of thousands annually.
A virtual account is a named, multi-currency account issued under your business name — without needing a local entity in each country.
With Tazapay, businesses can:
For example, an exporter serving clients in the US, EU, and Singapore can receive USD, EUR, and SGD into corresponding virtual accounts, hold those balances, and later pay suppliers in USD or INR — all from one dashboard.
By choosing when and how to convert, businesses protect their margins instead of surrendering them to intermediaries.
You might be facing hidden FX losses if:
If these sound familiar, consolidating your treasury with virtual accounts can restore visibility and control.
A $100,000 invoice illustrates the difference:
This direct-to-account model increases transparency, accelerates settlements, and helps finance teams plan conversions strategically instead of reactively.
The future of cross-border payments is about unifying the collect–hold–pay cycle under one infrastructure.
Tazapay brings these pieces together:
This unified approach enables exporters, SaaS firms, marketplaces, and fintechs to manage global transactions seamlessly. It’s not just faster — it’s smarter, designed to retain more of every dollar earned.
Controlling conversions isn’t just cost-saving; it’s strategy. By holding balances and converting when rates are favorable, companies can improve realized value across markets.
Delaying a USD → INR conversion by even 48 hours can shift returns by up to 1 %, enough to cover multiple transaction fees. The difference lies in timing — and infrastructure that gives you that choice.
FX losses are a symptom of fragmented global banking. Virtual accounts centralize collections, reduce unnecessary conversions, and restore margin control.
The future of money movement isn’t just global — it’s intelligent, connected, and designed to keep value within your business.
Expanding across borders should be exciting for exporters — not overwhelming.
Yet for many Brazilian businesses selling to buyers in India, one of the biggest barriers isn’t logistics or marketing. It’s getting paid efficiently.
Cross-border payment systems remain complex, slow, and costly. Funds often pass through multiple intermediaries, currencies are converted prematurely, and reconciliation becomes a painful manual process.
This is where virtual accounts — a cornerstone of modern global money movement — are transforming how exporters collect payments internationally.
Brazil and India are two of the fastest-growing emerging markets, together representing a bilateral trade value of over USD 11 billion in 2024 (Trading Economics).
But while goods move smoothly, payments lag behind.
Brazilian exporters selling to Indian buyers often face:
These friction points aren’t unique to Brazil and India — they exist across many emerging trade corridors where domestic payment rails dominate but aren’t easily accessible to foreign exporters.
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Traditional trade banking systems were never built for real-time commerce. They work for large institutional transactions but are inefficient for exporters handling frequent or high-value payments across multiple buyers and markets.
Virtual accounts change that by giving businesses local-like access to global collections — without the need to establish or maintain local registered entities in each country.
With a single Tazapay account, exporters can:
This means a Brazilian exporter can now receive funds from an Indian buyer in INR via a local transfer — just like a domestic business would — while managing everything seamlessly through Tazapay.
A sustainable packaging manufacturer in São Paulo has multiple Indian buyers. Previously, these buyers paid via international wire, with funds arriving several days later, minus significant bank and FX fees.
Now, using Tazapay’s Global Collection Account, the exporter can:
The result: faster settlement cycles, reduced FX exposure, simpler reconciliation — and more liquidity for reinvestment.
1. Predictable cash flow
Faster collections mean exporters can plan shipments, inventory, and restocking with greater confidence.
2. No need for a local entity
Virtual accounts let exporters receive local payments without opening a local entity or subsidiary in every market.
3. Transparent FX conversion
Funds can be received in INR and converted when the exporter chooses — not when intermediaries decide.
4. Better buyer experience
Buyers prefer local payment options because they’re faster, cheaper, and require no international setup. That convenience builds trust and repeat business.
5. Easier scaling across markets
Once it works for one corridor, exporters can replicate it in others — such as Singapore, Indonesia, or the UAE — using the same unified account structure.
The rise of virtual accounts represents more than just a collection upgrade — it’s part of a larger shift toward global money movement.
Modern trade is moving away from fragmented, bank-dependent systems toward integrated fintech-led infrastructures that connect local payment methods, multi-currency accounts, and global payouts.
This ecosystem lets businesses collect, hold, and pay in the currencies they need — creating true interoperability between local and international finance.
Platforms like Tazapay are at the center of this evolution:
This isn’t only about speed — it’s about enabling financial inclusion in global trade, allowing exporters of any size to operate with the same efficiency as multinational companies.
SWIFT and wire transfers remain reliable and widely trusted for global settlements, especially for large-value transactions or corridors where local rails are limited.However, virtual accounts provide a faster and more flexible alternative — especially when exporters need visibility, speed, and control. You can read more about it here.
Emerging markets such as Brazil, India, Indonesia, Vietnam amongst others are driving global trade growth but still operate within asymmetrical payment systems.
While domestic innovations like PIX in Brazil and UPI in India have improved local efficiency, cross-border settlements continue to rely heavily on legacy systems.
By combining local collection rails with virtual accounts, exporters can now receive payments globally — without the friction of opening multiple bank accounts or creating local entities in every market.
These capabilities are particularly powerful for B2B exporters, digital marketplaces, and SMEs handling both small and large international payments.
Within days, exporters can move from fragmented systems to a fully integrated global collection framework — the foundation of modern money movement.
For Brazilian exporters — and any business expanding across emerging markets — the difference between slow, manual banking processes and instant, transparent collections is the difference between growth and limitation.
Virtual accounts remove unnecessary friction, empower exporters to collect locally, and bring cross-border trade into real time.
They’re more than a product feature; they’re the future of how businesses collect, hold, and move money globally. And for exporters ready to simplify their next chapter of growth, that future is already here.
Global expansion is the dream for every ambitious business — from SaaS startups to digital marketplaces and exporters of goods. But with that dream comes one of the most complex realities: managing money across borders.
When a Singapore SaaS company starts billing clients in Europe, or a Brazilian exporter begins shipping to India, payments become the biggest source of friction. Foreign exchange losses, entity setup costs, long settlement times, and compliance hurdles can all eat away at the margins and momentum businesses work so hard to achieve.
At the heart of this challenge is a choice: continue relying on traditional bank accounts or switch to modern multi-currency virtual accounts. This decision can define whether international growth is profitable or painful.
Cross-border payments are no longer a niche concern. According to industry research, the global cross-border payments market is expected to hit $290 trillion annually by 2030, growing steadily as digital commerce and global trade expand.
But with that growth comes cost: businesses lose over $120 billion annually in unnecessary FX spreads, hidden banking fees, and delays. Traditional banks were not designed to serve thousands of small, high-frequency, multi-market transactions. Instead, they built for large corporates with dedicated treasury teams — not for today’s SaaS CFO or marketplace operator trying to move fast.
This is why alternatives like multi-currency virtual accounts are becoming essential infrastructure for modern global businesses.
When your European client pays you €50,000, banks will often auto-convert it into your home currency (USD, SGD, INR) immediately. The problem? You have no control over the rate, and the spread is typically 2–4% per transaction. That’s $1,500–$2,000 gone before the money even reaches you.
Banks require a local legal entity before allowing you to open a local account. Setting up an entity takes months of paperwork, legal fees, tax registrations, and ongoing compliance obligations. For many SaaS startups and mid-sized exporters, this is a deal-breaker.
SWIFT wires can take 3–5 business days to settle. Reconciling multiple transactions across different banks and time zones requires large ops teams. Missed references or mismatched amounts delay reconciliation further.
SWIFT charges, compliance checks, and “lifting” fees (intermediary banks taking cuts) mean you almost never receive the full payment amount.
In short: Traditional banking locks global businesses into a system designed for another era — one that bleeds margins and slows growth.
Multi-currency virtual accounts are designed for speed, flexibility, and transparency. They replicate the experience of having a local bank account in multiple markets, without the need to set up entities.
Get named virtual accounts in 35+ currencies — USD, EUR, INR, SGD, GBP, and more. Customers pay you in their familiar, local rails. To them, it looks like a domestic transaction. To you, it’s global reach without entity headaches.
Instead of auto-conversions, you can hold balances in foreign currencies and convert only when it suits your treasury strategy. This protects margins and gives you flexibility to time FX conversions.
One dashboard consolidates all collections, currencies, and markets. No more chasing SWIFT references across different banks.
From the same account, disburse payments to suppliers, employees, or partners in 100+ currencies. Same-day settlement keeps your cash flow healthy.
A SaaS marketplace in Singapore planned to expand into Europe and Southeast Asia. With traditional banks, they faced:
By switching to virtual accounts, they:
A Brazilian agribusiness exporting to India struggled with high FX costs and trust issues from Indian buyers. Buyers disliked wiring money to Brazil, preferring to pay locally in INR.
With Tazapay’s INR virtual accounts, the exporter:
The result? 3–4% margin improvement and faster repeat orders thanks to smoother payments.
Just as cloud computing replaced on-prem servers, borderless multi-currency accounts will replace traditional banking for global businesses.
Trends already underway:
In 3–5 years, the idea of “setting up a local entity just to open a bank account” will feel as outdated as mailing checks.
Global expansion is no longer limited by ambition — it’s limited by how fast you can move money. Traditional bank accounts lock businesses into delays, forced FX, and hidden costs.
Multi-currency virtual accounts remove those barriers, giving you speed, control, and transparency. Whether you’re a SaaS CFO, marketplace operator, or exporter, the future of scaling globally is about acting local without being local.
👉 See how Tazapay can help you collect, hold, and payout in 35+ currencies without opening local entities. Expand like a local, without the costs and complexity. Contact us to know more.
Expanding your business internationally can present significant challenges, particularly when managing financial transactions in foreign markets. Australia, a thriving economy with substantial opportunities, is often at the top of the list for international businesses. However, complexities such as setting up local entities, managing cross-border payments, currency conversions, and compliance obligations often present major barriers. Tazapay's newly launched AUD Virtual Accounts simplify these challenges, providing seamless management of local Australian transactions without needing a physical presence.
Virtual accounts are digital bank accounts that enable businesses to receive and send payments in local currencies without needing traditional bank accounts or entities in the respective country. Named Virtual Accounts specifically assign a unique account identifier to each business, making the transaction experience clearer and more professional for your customers and suppliers. For international or cross-border businesses, this means transactions feel local, greatly enhancing customer trust and reducing transaction friction.
Tazapay’s AUD Virtual Accounts allow your business to transact directly in Australian Dollars, leveraging local payment systems for fast, secure payments. Supported local rails include:
Eliminate the lengthy and costly process of establishing a local business entity in Australia. Tazapay’s AUD Virtual Accounts allow instant operational readiness, reducing barriers to market entry and enabling rapid scaling.
By directly managing transactions in AUD, you significantly reduce FX-related expenses and shield your business from currency volatility. Holding balances in AUD ensures predictable budgeting and financial planning.
Disburse funds easily and promptly to local Australian suppliers and vendors directly from your AUD Virtual Account, simplifying your supply chain and enhancing operational efficiency.
Leverage real-time transaction capabilities through NPP or same-day payments via BECS, significantly improving cash flow management and operational agility.
Tazapay ensures that your payments comply with Australian regulatory standards. Enjoy hassle-free, secure, and fully compliant transactions without additional compliance overhead.
Access immediate transaction updates through an intuitive, user-friendly dashboard. Tazapay provides detailed, real-time transaction data, simplifying accounting and reducing administrative burdens.
Activating your AUD Virtual Account with Tazapay is simple:
AUD Virtual Accounts are part of Tazapay’s extensive offering, which includes Named Virtual Accounts in over 35 currencies such as USD, EUR, GBP, SGD, and more. Leverage Tazapay’s global payments infrastructure to efficiently manage your international financial transactions.
Tazapay's AUD Virtual Accounts offer a comprehensive, scalable, and efficient solution to expand your business footprint in Australia. Minimize complexity, reduce costs, and unlock new opportunities.
Ready to experience seamless Australian payments and expand your global presence?
