Kea Launches Comprehensive Local Payouts in Over 85 Currencies

Introduction

Kea, an innovative financial service provider, has officially rolled out its new feature, allowing businesses to make local payouts in more than 85 currencies. This capability enables enterprises to pay their suppliers and team members in their respective local currencies, providing a seamless financial transaction experience on a global scale. With this development, Kea aims to simplify cross-border payments and optimize operational efficiency for businesses around the world.

What Does Local Payouts Include?

The Local Payouts feature integrates more than 85 local currencies across various regions, including Europe, the Middle East and North Africa (MENA), Africa, the Americas, and the Asia-Pacific (APAC) regions. This service is primarily B2B focused, facilitating contractor and payroll payouts for freelancers and remote workers wherever applicable. Companies can fund these transactions using major currencies such as EUR, USD, or supported stablecoins after completing a single Know Your Business (KYB) verification.

Key Features of Kea's Local Payouts

1. Diversity of Currencies: Businesses can use a wide array of local currencies for their payout needs, enhancing flexibility and minimizing the complexities usually encountered with cross-border transactions.
2. Unified Platform: The Local Payouts service is part of Kea's all-in-one platform, which includes dedicated IBAN accounts, SEPA and SWIFT transfers, and crypto processing. This means that businesses can manage all their financial operations from a single comprehensive system.
3. Efficiency: The primary goal is to improve payment quality while reducing operational friction associated with international transactions. Businesses can now execute transactions more efficiently without needing extra bank accounts for different currencies. By paying in the local currency of their partners, companies can also speed up reconciliation processes and mitigate instances of failed payments.
4. Simplified Treasury Management: By keeping both banking and stablecoin transactions within the same framework, Kea is making it easier for underbanked and high-growth sectors to manage their finances effectively.

How It Works

To use the local payouts feature, companies must onboard with Kea, allowing them to unlock seamless global operations. After registration, businesses can hold balances in EUR, USD, or stablecoins and send local payouts to supported countries from a single platform. Most transfers are processed within 24 hours, ensuring a prompt and efficient payment experience.
Moreover, companies have the advantage of role-based access and structured approval flows, which enhance control over financial transactions. Kea also provides clear coverage and compliance guidance right from the onboarding process, supporting companies in meeting their regulatory requirements.

Insights from Leadership

Mark Berkovich, CEO of Kea, emphasized the importance of this feature, stating, "Businesses should not have to choose between speed, cost, and control. With local payouts in more than 85 currencies on a single platform, Kea helps companies pay partners and people where they are. We bring together traditional banking, crypto rails, and local options so finance teams can execute reliably and grow globally." This approach reflects Kea's commitment to redefining the standards of cross-border business transactions.

Availability

The local payouts feature is currently available to both new and existing clients of Kea. Companies interested in utilizing this service can request access and pricing or consult with a product specialist to better understand how it can fit their needs.

About Kea

Kea is a group of licensed entities focused on delivering global finance solutions with a single KYB process across banking, stablecoins, and cryptocurrencies. Supported by a custom core banking system, Kea adopts a human-centric approach to unify various financial services, enabling businesses to move, grow, and hold money in one centralized platform. This innovation positions Kea as a leader in the financial technology sector, catering to modern business needs in an increasingly digital world.