International payment fintech company Centtrip has introduced a base currency function to its multi-currency account, with cards available in euros, US dollars and British pounds.
Centtrip says a mixture of base currency cards can be associated with accounts, which allow companies to deposit, hold and manage 15 currencies simultaneously.
All card-related fees were formerly only applied in pounds, regardless of a corporate client’s base of operations. With the new functionality, fees will be shown in the chosen base currency, avoiding the need for conversions and making financial statements more transparent.
Centtrip claims the base currencies will also save clients time when reconciling employee expenses, making reporting more efficient.
Jim Warner, director of operations at Centtrip, said: “Our corporate clients love our multi-currency cards and over the past six months we have had a huge demand for base currencies other than Sterling for simplicity and flexibility. This new feature means our corporate clients can control the way they spend and see their expenditure for ultimate convenience.”
centtrip.com