Form3 announces the creation of its International Payments business

Form3, the leading cloud-native API payments platform company today announced the creation of its International Payments Business, a new initiative by Form3 to give consumers and SMEs access to low cost payment services, utilising its API technology.

Through its initial partnership with Ebury, Form3 intend to offer retail consumers and SMEs access through their respective banks to Form3’s API-driven low cost and real-time platform-based payments and transaction service.

As a key part of this International service offering, Form3 and Ebury are excited to have been enabled by the BCR grant (£5m) to transform the Forex offering to SMEs, combining Form3’s API platform with Ebury’s SME offering. Form3 are engaging with other Financial Institutions to enable them to meet their ambitious product release plans for multi-currency domestic payments and forex and payment services capability in multiple countries.

The creation of Form’3 International Payments business is being led by Fabrizio Zanollo and his team based in Form3’s headquarters in the City of London.

Fabrizio Zanollo, Head of International Payments at Form3 stated, “Our goal is to dramatically improve access to payment services for SME’s worldwide. Working with our FI partners, we will enable customers to access International Payments (pay-in and pay-out) FX and Trade Finance and settle in up to 140 currencies globally from a single API.