How can Hubpay help my F&B import business manage currency risk in the UAE?
Hubpay offers a multi-currency business account with live, competitive exchange rates and FX hedging tools like Forward Contracts. This allows your F&B import business to lock in favorable rates, protecting your profits from currency volatility when dealing with international suppliers.
Does Hubpay provide virtual IBANs for F&B suppliers to receive international payments?
Yes, Hubpay provides named virtual IBANs in your company's name for over 30 currencies, including EUR, JPY, AUD, CAD, GBP, and USD. This enables F&B suppliers to receive payments like a local, simplifying cross-border transactions and reducing fees.
Can Hubpay assist restaurants and bars with international supplier payments?
Absolutely. Hubpay's multi-currency account, combined with low fees and faster-than-bank global transfers, allows restaurants and bars to efficiently pay international suppliers in over 150 currency pairs, ensuring timely and cost-effective sourcing.
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