Receive Euro payments via SEPA directly into your UAE business account — no intermediary fees, full invoice amount received.
Hubpay is licensed under
Abu Dhabi Global Market
Your Euro IBAN
GB123456789012345
What is a EUR IBAN?
A EUR IBAN is a unique bank account identifier that allows your UAE-registered business to seamlessly receive and send payments in Euro EUR.
Why should UAE businesses have EUR IBAN?
A EUR IBAN acts as a local account in European Union enabling you to conduct transactions with clients, suppliers and partners in European Union using local and international payment rails. This significantly reduces intermediary fees, minimizes delays, and simplifies reconciliation.
How can EUR IBAN help UAE Businesses?
Using your own Euro IBAN with Hubpay helps expand your reach and optimize financial operations in European Union and related markets.
It just takes 3 easy steps to get a EUR IBAN
Simple steps to set up your account within 1 business day
Get virtual IBANs in many more global currencies
With Hubpay Business Account, you get access to global currency IBANs with just one single account. No hidden fees.
Any questions? We’ve got answers
How can my UAE business receive EUR payments like a local?
The most efficient way for a UAE business to receive Euro payments is by opening a named EUR virtual IBAN. This allows your European clients to pay you via the fast and low-cost SEPA network, avoiding the delays and high fees often associated with international SWIFT transfers.
Why does my Hubpay EUR IBAN start with GB?
Hubpay’s EUR IBAN starts with GB because it is issued through a UK-regulated infrastructure that is connected to the SEPA network. Despite the GB prefix, it is fully SEPA-enabled, your European clients can make SEPA transfers to you at no extra cost, and you receive the full invoice amount with no intermediary bank deductions. It functions identically to a locally-issued European IBAN for the purpose of receiving payments.
What are the benefits of a EUR IBAN for UAE companies trading with Europe?
A EUR IBAN allows UAE businesses to receive payments from European clients via SEPA, which is faster and cheaper than SWIFT. You receive the full invoice amount with no intermediary fees, hold EUR in your wallet to manage conversion timing, and pay European suppliers directly without unnecessary FX conversions.
How does Hubpay help me convert EUR to AED or other currencies?
Hubpay allows businesses to receive Euros and convert them into 150+ currencies using transparent market rates. This helps you avoid poor conversion rates and protect your margins during international transactions.
How long does it take to open a Euro IBAN account with Hubpay?
Businesses can typically get access to a EUR wallet and IBAN within 1 business day after signing up for a Hubpay Scale or Treasury plan. Our onboarding team handles the process end-to-end.
Have more questions?
From anything to everything, get in touch with our support team