How does Hubpay multi-currency account benefit my healthcare supply chain?

Hubpay's multi-currency account provides access to live exchange rates that refresh automatically, allowing you to execute transactions at the best rates. This maximizes cost savings when sourcing medical equipment from international suppliers.

What are the advantages of using a digital wallet with Hubpay?

With Hubpay digital wallet, you can hold funds in multiple currencies, making it easy to manage diverse payment needs. You can conduct live exchange rate transactions for instant payments and seamlessly exchange funds between wallets to maintain optimal cash flow.

How does Hubpay ensure the security of my financial transactions?

All customer funds are held in separate, ring-fenced accounts with world-class financial institutions. Hubpay adheres to the Abu Dhabi Global Market's strict regulations and implements robust security measures, including two-factor authentication and stringent approval policies.

Can Hubpay help me manage international supplier payments?

Yes! Hubpay allows you to manage over 150 currency pairs, providing flexibility for global procurement. This enables you to execute payments quickly and efficiently, ensuring timely transactions with your suppliers and partners.

How can Hubpay enhance operational efficiency in the healthcare and medical equipment industry?

By optimizing international transactions, providing flexible payment solutions, and ensuring strong security measures, Hubpay streamlines your healthcare supply chain operations, allowing you to focus on delivering quality care while managing your finances effectively.

Multi-Currency Business Accounts for UAE Businesses

`Hold, convert and send in 30+ currencies from one platform. Named IBANs in AED, USD, EUR, GBP, JPY and more, no minimum balance.`

Open a free account

View pricing

30+ currencies

Zero minimum balance

Free account opening

`Everything your business needs to go global`

Simplify your payments and manage multiple currencies with ease so you can keep your business running smoothly

Multi-currency accounts from day one

Hold, convert and send in 30+ currencies from one platform and have Named IBANs under your company name.

Multi-currency accounts from day one

Hold, convert and send in 30+ currencies from one platform and have Named IBANs under your company name.

Zero minimum balance requirement

No minimum balance, no fall-below fees, and no dormancy charges. One flat monthly subscription with no hidden costs.

ZERO

Minimum Balance

Zero minimum balance requirement

No minimum balance, no fall-below fees, and no dormancy charges. One flat monthly subscription with no hidden costs.

ZERO

Minimum Balance

Lorem Traders FZE
CAD 31,000
IBAN
GB98MIDL40051512
Lorem Traders FZE
USD 105,000
IBAN
GB98MIDL40051512
Lorem Traders FZE
SGD 105,000
IBAN
GB98MIDL40051512

Named IBANs in the currencies your clients prefer

Receive named virtual IBANs in 30+ currencies including GBP, EUR and USD. Accept SEPA transfers and UK Faster Payments directly into your account.

Lorem Traders FZE
CAD 31,000
IBAN
GB98MIDL40051512
Lorem Traders FZE
USD 105,000
IBAN
GB98MIDL40051512
Lorem Traders FZE
SGD 105,000
IBAN
GB98MIDL40051512

Named IBANs in the currencies your clients prefer

Receive named virtual IBANs in 30+ currencies including GBP, EUR and USD. Accept SEPA transfers and UK Faster Payments directly into your account.

Received

EUR 250,000

IBAN

GB123456789012345

Amazing!

0 fees

Best FX fees with transparent pricing

Convert between 30+ currency wallets at competitive market FX rates. Fully transparent pricing with no hidden fees on every transfer.

Received

EUR 250,000

IBAN

GB123456789012345

Amazing!

0 fees

Best FX fees with transparent pricing

Convert between 30+ currency wallets at competitive market FX rates. Fully transparent pricing with no hidden fees on every transfer.

View supported currencies

Create an account on Hubpay

Simple steps to set up your account within 24 hours!

Step 1

Enter your company information online. Takes under 10 minutes. No branch visit required.

Step 1

Enter your company information online. Takes under 10 minutes. No branch visit required.

Step 2

Upload your documents

Submit your trade licence, passport copies of all directors, and proof of business address. Our compliance team reviews within one business day.

Required documents

Step 2

Upload your documents

Submit your trade licence, passport copies of all directors, and proof of business address. Our compliance team reviews within one business day.

Required documents

Final step

Start transacting globally

Your multi-currency account and named IBANs are activated. Hold, convert, send and receive in 30+ currencies from day one.

Final step

Start transacting globally

Your multi-currency account and named IBANs are activated. Hold, convert, send and receive in 30+ currencies from day one.

Protect your profits with Hubpay's FX Hedging

Protect your profits from currency volatility using Hubpay's Smart Hedging strategies. Tailored for your business.

Forward Contracts

Lock in those favorable exchange rates and never loose out on your profits

Market orders

Get the exact rates that you see on Hubpay and take advantage of better rates

Open a business account

Protect your profits with Hubpay's FX Hedging

Protect your profits from currency volatility using Hubpay's Smart Hedging strategies. Tailored for your business.

Forward Contracts

Lock in those favorable exchange rates and never loose out on your profits

Market orders

Get the exact rates that you see on Hubpay and take advantage of better rates

Open a business account

Let's set up your business account

Give us a little information and our team will get back to you right away.

Let's set up your business account

Give us a little information and our team will get back to you right away.

Any questions? We've got answers

What is a multi-currency business account in the UAE?

A multi-currency business account lets UAE companies hold, send and receive funds in multiple currencies from one platform, without opening separate accounts in each country. Hubpay's account includes named virtual IBANs in 30+ currencies, best FX rates, forward contracts, and global payroll, all under one platform.

How many currencies does Hubpay support?

Hubpay supports named virtual IBANs in 30+ currencies including AED, USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, HKD, CNY and NZD. You can hold balances in each currency, convert at transparent rates, and send payments across 85+ countries.

Can a non-resident open a multi-currency business account in the UAE?

Yes. Non-resident founders and company directors can open a Hubpay business account fully digitally without a UAE Emirates ID. You need a valid UAE trade licence, passport copies of all directors and shareholders, and proof of business address.

How does Hubpay's FX pricing compare to a UAE bank?

Traditional UAE banks charge 2-5% on every foreign currency conversion, usually embedded in the exchange rate with no disclosure. Hubpay offers full transparency. For a business converting $1M annually, Hubpay provides competitive rates compared to UAE banks.

What documents are needed to open a multi-currency business account?

You need your valid UAE trade licence, passport copies of all company directors and shareholders, and proof of business address: Ejari, free zone tenancy contract, or lease agreement. For DIFC or ADGM-registered entities, your certificate of incorporation and Memorandum of Association are sufficient.

Does Hubpay offer forward contracts for currency hedging?

Yes. Hubpay offers forward contracts allowing businesses to lock in an exchange rate up to 12 months ahead with a 5% deposit. Available on Treasury tiers, used by businesses with predictable foreign currency exposure on supplier contracts, payroll and procurement.

Have more questions?

From anything to everything, get in touch with our support team

Open your free account today

Multi-currency account made for UAE Businesses. Get a free consultation for your payment needs

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