If you have suppliers in Japan, you’re likely paying through expensive international wire transfers, which come with wire fees for both you and your supplier. Similarly, when paying suppliers in Switzerland, you may not be sending payments in the local currency (CHF), causing delays and added costs.

The Solution: local payments through Zengin & SIC from Finofo without wire fees

Finofo now lets you send payments to Japan in Japanese Yen (JPY) and Switzerland in Swiss Franc (CHF) directly through the local Zengin and SIC payment networks. This means no more international wire fees - just faster, cheaper, and more efficient payments in the local currencies your suppliers prefer.

Here’s how to add your beneficiaries and preferred payment methods on Finofo:

The Bigger update: USD receivables in Hong Kong without incoming wire fees -  simple, fast and cost-effective

If you have customers in Hong Kong and receive USD from them, you are most likely collecting payments through international wire transfers, which add costs for both you and your customers and take time to reach your bank account.

With Finofo, you can now receive USD locally through RTGS with absolutely $0 incoming fees, and funds will settle within 0-1 business day.

That’s fast and simple.

Here’s how your bank account details will look for receiving USD from Hong Kong on Finofo:

By switching to local payment networks, you can streamline payables and receivables, eliminate wire fees, and build stronger relationships with suppliers and customers through faster payments.

Open your Finofo account today to start sending local payments to Japan and Switzerland and receive payments faster from Hong Kong.