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  1. Multicurrency- Batch payments of Foreign Currency Bills.

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    202 comments  ·  Purchase orders, bills & inventory » Paying bills  ·  Admin →
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    In development  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi team, appreciate wanting an update - I'm pleased to share the beta went well and we've now launched international bill payments for our UK customers, making it easier to pay overseas suppliers.

    Using open banking, UK businesses can now securely send money to 180+ countries including Europe (EUR), America (USD) and Australia (AUD). So you don't have to juggle multiple platforms or hidden fees. Whether you're paying a single bill or multiple bills at once, you can authorise payments prepared by your team and easily track which suppliers have been paid.

    We’re committed to new ways to expand our bill payments feature for small businesses and their advisors in other regions by leveraging new technologies, where available. I'll keep you updated of any further developments for this, here.

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    MJ Sicat commented  · 

    I hope there will be an improvement in the current foreign currency payment process to make cross-currency bill payments more seamless and efficient.

    For example, I hope there will be an improvement in the process of paying EUR bills using a USD bank account when the organization’s base currency is CAD.

    Thanks you!