What is a multi-currency virtual account?

Multi-currency virtual account is a financial instruments that helps platforms to collect funds in multiple currencies

To create a multi-currency virtual account, platforms can simply utilise Decentro's Create Virtual Account API by passing the following details:

Reference Id
Consumer unique reference number
Name
Master account alias
Narration and
Currencies

What is a currency account?

Currency account is a subset of multi-currency virtual account. For each currency that a virtual account supports for collection, Decentro creates a currency account in its system. A currency account is comprised of the following details -

Account name
Account number
SWIFT code
IBAN (if applicable)
Bank code (if applicable)
Branch code (if applicable)
SWIFT code
Routing type and code
Bank name