ONLY BANK: How a "Payment Agent" Saves Business
In the conditions of sanctions and the blocking of international bank transfers, the threat to export goods and services, as well as the functioning of many business processes, becomes a stark reality.
A payment agent acts as an intermediary between clients and suppliers, facilitating the transfer of funds from the client to the supplier and handling the associated documentation. In the current economic climate, such agents serve as a kind of "bridge" for many companies, allowing them to preserve and even expand their businesses.
Payment agents play a crucial role in the payment process and have specific rights and responsibilities. They enable clients to make payments in a manner convenient for them (in Euros, USD, Yuan, non-cash payments) and assist suppliers in receiving their funds securely and efficiently.
The main functions of a payment agent include:
According to specialists from ONLY BANK , the demand for payment agent services has become one of the most common starting from February 2023, with both individuals and businesses seeking such services.
In Q1 2024, ONLY BANK announced banking cards that would enable citizens to pay for goods and services worldwide, bypassing blockades and sanctions. This move could be revolutionary for businesses, providing new opportunities for expansion into international markets.
In conclusion, in the era of globalization and political tensions, adaptation and the search for new avenues of business development become critical for survival. In this context, the role of payment agents and innovative solutions, such as those offered by ONLY BANK , will continue to grow.