iFAST Global Bank Launches ‘Get Paid’ to Streamline SME Payment Collection and Cash Flow

Quick Summary

iFAST Global Bank has launched ‘Get Paid’, a comprehensive payment management tool designed for SMEs. The solution enables businesses to collect funds via personalised payment links, QR codes, and professional invoices, integrating directly with multi-currency accounts to eliminate manual reconciliation hurdles and improve real-time cash flow visibility.

How Does iFAST Global Bank Simplify SME Cash Flow?

The ‘Get Paid’ solution directly addresses the fragmented payment processes that often plague small and medium enterprises. By consolidating payment requests into a single interface, iFAST Global Bank allows business owners to move away from manual bank transfers and disjointed platforms. The system provides real-time visibility through a centralised dashboard, ensuring that every incoming transaction is tracked the moment it arrives.

• Instant notifications for every successful payment received.
• Automated overdue reminders to reduce the administrative burden of chasing late invoices.
• Direct integration with the Bank’s Multi-Currency Business Account.

“Many SMEs rely on manual bank transfers, multiple payment platforms or traditional invoicing processes that can make payment reconciliation time-consuming and fragmented. Our new payments solution provides businesses with a simple and secure way to request, receive and track payments, helping business owners spend less time on administration and more time growing their business,” said Steve Chu, Commercial Banking Manager of iFAST Global Bank.

What Features Are Included in the Get Paid Solution?

The platform is built for flexibility and branding, allowing businesses to maintain a professional appearance without investing in expensive payment infrastructure. Users can generate unlimited payment requests at no additional cost, a significant advantage for high-volume merchants. The system currently supports GBP transactions for links and QR codes, with broader multi-currency support available for the underlying account structures.

• Customisable branding including logos on all payment links and invoices.
• Flexible payment controls such as expiry dates and usage limits per link.
• Built-in invoicing for both one-off and recurring billing cycles.

By leveraging secure payment pages, customers can settle their balances through their preferred channels without the merchant needing to manage complex hardware. This low-friction approach is essential for modern digital-first businesses operating in the UK market.

Why Should Businesses Choose iFAST Global Bank?

Beyond the ‘Get Paid’ features, iFAST Global Bank offers a robust regulatory framework and competitive financial incentives. As a fully licensed UK bank, it provides FSCS protection for eligible deposits up to £120,000. This security is paired with a Multi-Currency Business Account that allows firms to hold and spend across 11 major currencies, including USD, EUR, and SGD, making it an ideal choice for businesses with international shareholders or global operations.

• 2.65% AER interest on everyday GBP balances with no monthly fees.
• Fixed term deposits offering rates up to 4.50% AER for larger reserves.
• Free inbound transfers for domestic sterling and international payments.

The bank’s ability to onboard non-resident shareholders and overseas entities sets it apart from traditional high-street lenders, providing a dedicated relationship manager to guide businesses through the complex compliance landscape of international corporate banking.

FF NEWS TAKE:

The launch of ‘Get Paid’ by iFAST Global Bank is a calculated move to capture the underserved SME market that requires more than just a ledger. By combining high-yield deposits with functional merchant acquiring tools, iFAST is positioning itself as a legitimate alternative to both legacy banks and pure-play fintechs. This integration of payment collection and treasury moves the needle by reducing the "time-to-cash" for small businesses, which is the ultimate metric for SME success.