The Challenge
A leading UAE-based trading company specializing in building and construction materials has been a key player in the region’s booming construction and real estate market for over 20 years. Despite its success, the company faced significant challenges in managing international payments through multiple banks. Key issues included:

• Delayed payments to suppliers in critical markets like China and Turkey, affecting project timelines and material availability.

• High transaction costs and unfavorable exchange rates, which were eroding profit margins and impacting cash flow.

Recognizing the need for a more efficient payment solution, the company’s CFO decided to explore Hubpay's Corporate FX platform.

The Solution
After a comprehensive evaluation of Hubpay’s capabilities, the client conducted a test transaction of $1 million to a supplier in China. The transaction was completed within T+1 days, highlighting Hubpay’s swift and reliable service. The company also experienced:

• Faster settlements for suppliers in Europe and Asia, ensuring timely delivery of essential materials for ongoing projects.

• Cost savings through competitive exchange rates and reduced transaction fees, enhancing overall profitability.

The Results
In just four months, the company transitioned 80% of its monthly invoices to Hubpay’s platform, successfully managing payments to:

• China

• India

• Turkey

• Germany

• Italy

Key Stats

• $10 million processed through Hubpay in just four months

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

• Significant improvements in efficiency, with reduced payment delays across critical supply chains

Looking Ahead
With the construction market in the UAE continuing to expand, the trading company has positioned itself for growth by leveraging Hubpay’s Corporate FX platform. By streamlining its payment processes, the company has improved cash flow and minimized delays, enabling it to meet the demands of a competitive industry.