The Challenge

A trusted UAE-based manufacturer and supplier of machine and auto spare parts, with over 30 years in business, was managing payments using 5+ UAE banks. While the company had strong relationships with these banks, they encountered two significant payment challenges:
- Delayed payments from buyers in Africa (Egypt, Nigeria, Zambia, Malawi)
- Difficulties in processing payments to suppliers in South Korea and China

Despite initially being hesitant to change, the company's Managing Director decided to explore Hubpay's Corporate FX and Collect & Remit services for African payments.
The Solution

After learning about Hubpay’s seamless payment solutions, the client conducted a test transaction of $300,000 to South Korea. The transaction was completed within T+1 days, demonstrating Hubpay’s ability to handle payments quickly and reliably. The company also benefited from:

• Faster settlements for African buyers, easing the collection of payments in challenging markets

• Improved payment flow to suppliers in Asia, specifically South Korea and China

The Results

In just two months, the company transitioned 60% of their monthly invoices to Hubpay’s platform, handling payments to:

• South Korea

• China

• Nigeria

• Egypt

• Zambia

• Malawi

  
  

Key Stats

• $5 million processed through Hubpay in just two months

• Settlements completed within T+1 to T+2 days

• Increased efficiency and reduced payment delays across key markets
  
  
  

Looking Ahead

With the company’s reliance on Hubpay growing, they are now processing the majority of their cross-border transactions with Hubpay’s Corporate FX platform. The business has successfully streamlined payments, improved cash flow, and minimized delays in challenging regions.