Settle international USD invoices, faster
Pay international suppliers, vendors and partners in USD and other G10 currencies. The Stitch Group manages FX execution, settlement and regulatory reporting end to end.
One platform for cross-border invoice settlement
The Stitch Group coordinates the full process of settling international invoices on behalf of enterprise clients.
Your business deposits ZAR into a designated collection account. CrissCross FX, a SARB-approved Treasury Outsourcing Company (TOC) within the Stitch Group, coordinates FX pricing and instructs South African Authorised Dealers. The Authorised Dealer performs the FX conversion, effects the outward payment and completes all FinSurv and BOP reporting.
For merchants, the experience happens through a single platform, with no separate bank negotiations, manual regulatory filings or multi-party coordination.
Why settle international invoices through the Stitch Group?
An API for foreign payouts
Eliminate the back-and-forth files, forms and emails that banks require for every international payment. Existing Stitch clients can access cross-border settlement on their current integration via API.
Settlement at T+0 or T+1
Move faster than legacy correspondent banking, which typically takes several business days. The Stitch Group delivers settlement to the offshore beneficiary at T+0 or T+1.
More competitive FX rates
Access deep liquidity pools for competitive execution without having to source rates independently or negotiate directly with a bank forex desk.
Streamlined reporting and compliance
The Stitch Group ensures the correct BOP details, invoice and supporting documentation are captured for every transaction, so the Authorised Dealer reporting is accurate. Your team is removed from that burden entirely.
A centralised dashboard
View your ZAR balance, book FX deals, review and accept rates and upload supporting documentation in one place. Track every transaction from initiation through to settlement, with full visibility at each stage. The full solution operates in traditional fiat currencies throughout.
ISO 27001 + PCI DSS Level 1 certified
Stitch meets the highest possible global standards of data security and protection.
Our policies move through constant iteration and undergo rigorous testing in order to ensure that we proactively mitigate any potential threats to Stitch’s payment- and client data.
FAQs
Simplify your cross-border payments
Speak to the Stitch Group FX team to get started.