The Global Collection Account enables you to quickly open a collection account, allowing you to efficiently and conveniently receive international trade payments. With Geoswift's disbursement products, you can also manage fund disbursement, creating a complete end-to-end payment and collection solution. This service offers exceptional payment and collection experiences with extensive banking network coverage, seamlessly integrated via Geoswift's API and portal.
· Self-Service Application and Easy Account Opening: Clients can independently apply for a Virtual Account (VA) through the online platform, eliminating complex offline procedures for quick and easy setup.
· Multi-Channel Support: Collaborations with globally renowned banks to provide VA products, meeting worldwide collection needs.
· Real-Time Collection and Reconciliation: Real-time transaction processing and reconciliation to help businesses monitor fund flows and enhance financial management efficiency.
· Security and Compliance: Adheres to international financial regulations and data protection standards, ensuring the safety of funds and information.
· Direct Client Model: Businesses directly using the Global Collection Account, ideal for various non-financial enterprises. Clients can access global collection services through Geoswift’s standard onboarding process.
· Service Provider Model: Provides Global Collection Account services to service providers and their sub-merchants, assisting them in setting up and managing VA products for their customers.
· Merchant Portal: Manage Global Collection Accounts, access transaction records, and perform reconciliation through the Geoswift merchant portal.
· API Integration: Supports API integration, providing businesses with flexible technical solutions to automate global collection operations.
