Amaiz Launches Cross-Border Payment Service for SMEs in 96 Markets

Amaiz has rolled out a cross-border payment facility spanning 96 countries, designed for small enterprises that regularly settle invoices with foreign suppliers, contractors, and freelancers.

The platform routes funds through domestic banking networks instead of defaulting to SWIFT rails or conventional payment processors, a move the company says cuts both settlement times and transaction costs.

Most transfers arrive within 24 hours, with a subset of payments clearing the same day, according to the firm.

The service targets routine, lower-value international payments and includes major emerging-market corridors such as Bangladesh, China, India, Nigeria, Pakistan, the Philippines, and Thailand.

Amaiz charges 0.75% plus €1.49 ($1.7) for domestic bank transfers and 0.75% plus €1.99 for payments to digital wallets. Additional foreign exchange conversion fees and third-party charges may apply, though users see a final quote before confirming each transaction.

Access requires an approved euro account and is subject to route availability, geographic restrictions, and compliance screening. The company also onboards non-UK residents running UK-registered entities, pending verification.

The new feature sits inside Amaiz's core platform, letting businesses manage outbound international payments from a single dashboard alongside other payment methods.

Regulated by the Financial Conduct Authority as an electronic money institution, Amaiz already offers corporate accounts, Mastercard debit cards, Faster Payments, SEPA, and SWIFT services.

Steve Taklalsingh, CEO of Amaiz UK, said small businesses often default to their usual bank or payment provider for overseas transfers, which can prove expensive.

Many small businesses automatically use their bank or their usual payment provider when paying someone overseas. However, that can be expensive. For routine, lower-value payments, a local transfer can be quicker, easier to track and more cost-effective.

He urged companies to compare the net amount received by the beneficiary rather than focusing solely on headline fees, noting that Amaiz consolidates multiple payment routes in one account so customers can select the most efficient corridor without juggling separate providers for each market.