MassPay Cuts FX Steps, Offers Direct Local Currency Payouts to 180 Nations
MassPay now routes cross-border payments in local currency without USD conversion, reducing costs for businesses paying globally.
MassPay, a global financial orchestration platform and Visa Direct partner, has announced an expanded payout capability that allows businesses to send funds directly to recipients in local currencies across 180 countries, eliminating the traditional double-conversion process that has long eroded payee earnings on cross-border transactions.
The company's solution removes the standard practice of routing international payments through the U.S. dollar or another intermediary currency before reaching the final destination. By compressing what was previously a multi-step foreign exchange process into a single FX hop, MassPay says payees stand to receive a greater share of each disbursement.
Read more BioCardia Submits Revised FDA Pre-Submission for Helix Catheter Approval →
For businesses managing high-volume international payouts — such as platforms serving freelancers, gig workers, or affiliate networks — the cost drag imposed by multiple currency conversions can be substantial. MassPay's approach addresses that inefficiency by streamlining the corridor between the originating currency and the recipient's local currency in one transaction step.
The announcement, made in Las Vegas, positions MassPay alongside existing Visa Direct infrastructure, suggesting the service can leverage established card and bank-network rails to reach a broad global footprint without requiring businesses to build separate regional payment arrangements.
As cross-border commerce continues to expand and regulatory scrutiny of FX fees intensifies, solutions that reduce intermediary costs are drawing increased attention from corporate treasury and fintech procurement teams alike. Continue reading at Cryptocurrency.
