2024 Payment Solutions.

Bank Accounts

Simultaneously with the company registration, Accord Consulting communicates regarding corporate bank account opening with the leading local banks such as First Abu Dhabi Bank, Emirates NBD, Mashreq Bank, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and Emirates Islamic Bank. Accord Consulting arranges a meeting (possibly online) with the bank officer. Once the account is open, our Client deposits the paid-up share capital (if required) and supplies Accord Consulting with a certificate of deposit and bank statement;

PSP IBAN

An alternative option is payment systems. Such financial institutions usually do not have a physical office, and due to such savings, the cost of payment systems services is lower compared to classical banks. Since a personal visit to open an account is unnecessary, the identification system can be carried out using an application, a video interview or providing a “selfie with a passport in hand”. Convenient mobile applications and favourable rates allow you to open a personal foreign account quickly and easily. Also, payment systems are more loyal to modern activities of companies, such as IT services, gaming, cryptocurrencies, consulting, etc. PSP allows you to open corporate accounts and do business around the world.

Crypto Wallets

A crypto wallet is a place where you can securely keep your crypto. There are various types of crypto wallets, but the most popular ones are hosted wallets, non-custodial wallets, and hardware wallets. Which one is right for you depends on what you want to do with your crypto and what kind of safety net you want to have. 

The most popular and easy-to-set-up crypto wallet is a HOSTED WALLET. The main benefit of keeping your crypto in a hosted wallet is the fact that in case you forget your password, you won’t lose your crypto.

A SELF-CUSTODY WALLET, like Coinbase, puts you in complete control of your crypto. Non-custodial wallets don’t rely on a third party — or a “custodian” — to keep your crypto safe.

A HARDWARE WALLET is a physical device, about the size of a thumb drive, that stores the private keys to your crypto offline. Most people don’t use hardware wallets because of their increased complexity and cost, but they do have some benefits — for example, they can keep your crypto secure even if your computer is hacked.

Neobanks

Neobanks, which are sometimes referred to as “challenger banks,” are fintech firms that offer apps, software and other technologies to streamline mobile and online banking. These fintechs generally specialize in specific financial products, like checking and savings accounts. They also tend to be more nimble and transparent than their megabank counterparts, even though many partner with such institutions to ensure their financial products.

E-Wallet

An E-wallet is a type of electronic card which is used for transactions made online through a computer or a smartphone. Its utility is the same as a credit or debit card. An E-wallet has to be linked with the individual’s bank account to make payments. An E-wallet is a type of pre-paid account in which a user can store his/her money for any future online transaction. An E-wallet is protected with a password. With the help of an E-wallet, one can make payments for online purchases, flight tickets, etc.