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Lorum Multi-Currency Clearing lets businesses settle payments directly on local rails across 30+ markets. Bypass correspondent banking, issue named virtual accounts via API, and gain full visibility across currencies with same-day settlement.
Lorum Multi-Currency Clearing is a payment infrastructure platform designed for businesses that need to move money across borders with speed, transparency, and control. The platform enables direct settlement on domestic payment rails, removing the friction and delays associated with traditional correspondent banking chains.
With support for 30+ markets and currencies including USD, EUR, GBP, AED, and more, businesses can access a single API to open named virtual accounts for customers in minutes, reconcile payments cleanly, and centralise settlements across multiple markets. Supported rails include Fedwire, ACH, Faster Payments, CHAPS, SEPA, SEPA Instant, and SWIFT.
The platform offers real-time visibility through live notifications and webhooks for every transaction, a complete audit trail with configurable user permissions, and a unified multi-currency ledger to track balances, payouts, and FX conversions. Businesses can onboard using existing KYC verification without additional compliance steps, and operate on Lorum's licensed infrastructure across jurisdictions without establishing local legal entities.
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Write a ReviewThe top 5 features of LORUM Multi Currency Clearing include:
LORUM Multi Currency Clearing serves a wide range of businesses including Enterprises.
LORUM Multi Currency Clearing is compatible with multiple platforms, Web App
The top three competitors of LORUM Multi Currency Clearing are 2Checkout, EFT/400 and Cloud9 Payment Gateway. To find the best fit for your business, compare and evaluate each platform's features, advantages, disadvantages, and other key aspects.
Currently, LORUM Multi Currency Clearing does not offer trial access. However, you can still explore its capabilities through available product demos, feature guides, and customer reviews.
