June release notes 2022: Transfers, Global Accounts and digital wallets

Hey there. How’s things? Right now, you’re probably looking for ways to cut down wasted time and money, and optimise for growth.  

To that end, this month we’ve made a few small (but significant) changes that can help you reduce admin, improve your profit margins and expand your business into new corners of the world. Scroll to take a look at what’s new in June. 

New features 🎉

Roll out the red carpet for your Kiwi customers. 🇳🇿

New Zealand: delicious wine, beautiful scenery, old fashioned banking systems. 

But never fear! We’ve cleared the way for you to do business with our Kiwi friends without paying extortionate FX fees, or having to travel to a local New Zealand bank branch. 

You can now open a New Zealand Dollar Account from the comfort of your home, wherever you are. Use your NZD Global Account to collect payments from your Kiwi customers in their local currency, with no forced conversions or unnecessary fees. 

Head to Global Accounts to create your new NZD account in a couple of clicks. 

Improvements 🎨

Global transfers just got even smoother. 💸

Transfer limits are a drag. They create needless admin for your finance team and can cost your business money. 

We want to make global transfers painless. So we’re pleased to share that you can now send funds to the Philippines and India with no upper limits. That means no matter the size of your transfer, it will reach your recipient’s bank account fast and in full.  

We’ve also increased the upper limit on transfers to Indonesia to USD 70,000. It’s just one of the ways we’re making global business easier for our customers. 

Upcoming arrivals 🧳

Pay on the go with virtual cards.📱🇬🇧🇳🇱

Customers in the UK and the Netherlands will soon be able to use their virtual Employee Cards on the move with Apple and Google Pay.

Got an event coming up? Give your employees a virtual card that they can use on the go. Set spending limits for each card, and upload and approve receipts in a tap, for expense management made easy.  

That’s it for our June release round-up. We hope these improvements help smooth the path as you expand your business across borders.

Have something you’d like to see earlier for your region on our roadmap? Let us know here.