Covercy Pay

Covercy Pay is a cloud-based payments platform that lets businesses and individuals move money across borders in minutes. From a single web and mobile dashboard, users can send funds to 100 + destination countries in 28 currencies, supported by an exchange network that, according to Covercy, has processed USD 5 billion-plus in volume for 60,000 + customers.

Key capabilities

• Pricing transparency – fees and FX mark-ups are shown upfront

• Fast settlement – most transfers arrive within 24 hours

• Bank-grade security – SOC 2 controls, encryption, MFA, and continuous monitoring protect every transaction

• Real-time tracking & alerts – status updates are pushed from initiation through final delivery

• Enhanced workflows – saved beneficiaries and downloadable statements make repeat or bulk payments simple

Fully Regulated

Covercy Pay is licensed and supervised by the UK Financial Conduct Authority (Authorised Payment Institution) and by Israel’s Capital Markets, Insurance & Savings Authority. U.S. and EU customers are served through regulated partners—including Visa Global Services Inc. in the United States and Currencycloud B.V. in the European Economic Area—ensuring end-to-end compliance wherever funds are sent.

Why it matters

Covercy Pay helps to lower the cost and speed international payments without requiring a subscription or complex setup. Covercy Pay is presented as a simple, pay-as-you-go, solution. Whether it is used by an individual relocating or investing abroad, a business paying supplier invoices, or an investment firm distributing returns to hundreds of LPs, Covercy Pay aims to deliver the speed, simplicity, and savings that global money movement demands.