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Home > Top Stories > Millbank FX Delivers Fast Cross-Border Payments for Businesses to Over 120 Countries

Millbank FX Delivers Fast Cross-Border Payments for Businesses to Over 120 Countries

Published by Wanda Rich

Posted on June 26, 2025

3 min read

Last updated: July 21, 2025

Millbank FX Delivers Fast Cross-Border Payments for Businesses to Over 120 Countries - Top Stories news and analysis from Global Banking & Finance Review

Byline: Naveen Lou

Millbank FX enables businesses to make fast, secure cross-border payments in over 80 currencies across 120 countries. Its multi-currency business account streamlines global transactions, reduces costs, and improves cash flow. FX hedging services help companies manage currency risk and maintain financial stability.

(London, United Kingdom / 26 June 2025) - Millbank FX now empowers businesses to make fast, secure payments in more than 80 currencies, reaching over 120 countries. Since 2016, Millbank FX has handled over £6 billion in FX transactions, establishing a strong track record in cross-border payments. The company’s multi-currency business account plays a central role in this service, enabling companies to manage global transactions on a single platform while maintaining control over their finances. Through this account, organisations send and receive funds in a wide range of currencies, streamlining operations and reducing administrative workload.

A multi-currency business account allows businesses to eliminate the need for multiple local bank accounts, reducing currency conversion costs and banking fees. This solution enhances cash flow visibility and simplifies collaboration with clients and suppliers worldwide. Companies entering new markets benefit from the ability to collect and send payments in both major and less common currencies through one account.

Union Logistics, a freight forwarding company with offices in the UAE, Hong Kong, and Europe, reported notable improvements after adopting Millbank FX’s multi-currency business account. Previously, the company experienced delays and high fees with mainstream banks that struggled to process certain currencies. After switching to Millbank FX, Union Logistics achieved faster settlements and gained access to a broader range of currencies, strengthening relationships with partners.

Millbank FX enhances its multi-currency business account with FX hedging services, which help businesses manage the risks associated with currency fluctuations. These services enable companies to protect their profit margins and gain greater certainty over international payments. Businesses implement risk management strategies tailored to their specific needs by combining the account with hedging tools.

Millbank FX prioritises security. Its FCA-authorised platform safeguards client funds and secures every transaction with advanced encryption. Clients also access institutional-grade exchange rates, market analysis, real-time settlements, and zero transaction fees. Together with FX hedging services, these features help businesses optimise payments, manage currency exposure, and increase operational efficiency.

Companies operating in developing markets often encounter challenges with payment channels and currency access. Millbank FX addresses these challenges by supporting a wide range of currencies and delivering reliable cross-border payment options. FX hedging services further assist these companies by helping them navigate risk in volatile markets.

As demand for fast, secure, and cost-effective cross-border payments grows, Millbank FX meets this need with a multi-currency business account that simplifies global transactions. Its FX hedging services add an extra layer of financial stability, allowing companies to manage their currency risk and improve overall financial control.

Millbank FX’s multi-currency business account, combined with its FX hedging services, equips companies to manage cross-border payments, improve cash flow, and expand into new markets. This powerful combination strengthens business relationships and positions companies to succeed in the dynamic world of international trade.

About Millbank FX

Millbank FX is a London-based financial services firm specialising in foreign exchange, risk management, and international payments for corporate clients. FCA-authorised, Millbank FX serves businesses worldwide with multi-currency business accounts, FX hedging services, and tailored support for efficient, secure, and transparent global transactions.

Contact Information:

Contact Person's Name: Benjamin Wilson
Organization / Company: Millbank FX Limited
Company website: https://www.millbankfx.com
Contact Email Address: benjamin.wilson@millbankfx.com
City, State / Province, Country, Zip Code: 46 Gresham St, London EC2V 7AY London, United Kingdom