About Veem

Veem provides a robust, compliant payment infrastructure engineered for businesses and fintechs operating globally. We empower partners to build and scale embedded finance capabilities with unified APIs and regulatory coverage in multiple jurisdictions.

 
The Veem Advantage
Veem supports payments across 100+ countries and multiple currencies, serving more than 1.1 million users worldwide with competitive FX rates and reliable cross-border execution.

 

 

Glossary of Key Terms
Payer
The individual or business initiating and sending funds through the Veem platform.

Beneficiary (Payee)
The individual or business designated to receive funds.

Partner
An organization integrating Veem’s infrastructure into its platform to enable payment capabilities for its end users.

 
 

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Accounts Overview

Veem’s payments infrastructure enables partners to provide their customers or beneficiaries with access to U.S. account and routing details, multi-currency wallets, and virtual debit cards through regulated financial partners. End users can receive, hold, send, and spend funds globally, directly within the partner experience.

 
 
Account Types


 

For a detailed list of supported countries and capabilities, please refer to Veem’s Country Coverage document.

 
 
KYC/KYB Verification
Veem conducts full KYC and KYB verification to ensure all accounts meet applicable regulatory requirements. Our onboarding framework supports identity verification, business validation, and ongoing monitoring to help partners operate within a compliant and secure payments environment.

 
 
Primary Use Cases

  • Marketplace & Platform Collections: Issue Virtual Bank Accounts or Wallets to sellers and merchants, enabling them to receive buyer payments and manage funds within your platform ecosystem.
  • B2B Invoice & Supplier Payouts: Provide businesses with dedicated receiving accounts to collect invoice payments from customers and streamline downstream supplier payments.
  • Freelancer & Contractor Payouts: Enable independent contractors to receive business payments into issued accounts, with the ability to hold or move funds as needed.
  • Cross-Border Remittances: Issue accounts that allow beneficiaries to receive cross-border payments securely and access funds through wallet or card-based solutions.

 
 

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Virtual Bank Accounts (VBA)

Veem issues dedicated Virtual Bank Accounts in customers name, enabling them to receive deposits and manage funds. Each account is individually issued with unique account and routing numbers, functioning just like a traditional business bank account without the overhead. These allow beneficiaries to appear “local” in foreign markets to receive bank transfers directly.

 

 

 
 
Functionality

 

 
 
Benefits

  • Name Matching: Each VBA is uniquely assigned to reflect your beneficiary’s registered business name.
  • Localized Details: Customers appear “local” in foreign markets to receive direct bank transfers (ACH, EFT, SEPA, FPS, SPEI, PIX).
  • Direct Deposit Ready: Supports ACH transfers, payroll deposits, and incoming wire transfers (SWIFT) which is available on a select set of Virtual Bank accounts.

 
 
Eligibility
Consumers, Businesses & Sole Proprietorships.

 
 
Coverage
For a detailed list of supported countries and capabilities, please refer to Veem’s Country Coverage document.

 
 

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Virtual Cards

Veem enables partners to issue pre-paid virtual debit cards to customers, providing beneficiaries with immediate access to funds for both online and in-person purchases.

Virtual Cards can be used wherever major Visa debit or credit cards are accepted, making them ideal for gig workers, contractors, and marketplace sellers who need fast, flexible access to their earnings.

 

 

 
 
Functionality

 

 
 
Benefits

  • Global Coverage: Cards can be issued in USD across 30+ countries.
  • Settlement Speed: Issued in just minutes via API with instant deposit to the card upon disbursement.
  • Compatibility: Cards can be used anywhere Visa is accepted worldwide.
  • PCI Compliance: Ensure peace of mind with PCI-DSS compliant processing.

 
 
Eligibility
Consumers, Businesses and Sole Proprietorships.

 
 
Coverage
For a detailed list of supported countries and capabilities, please refer to Veem’s Country Coverage document.

 
 

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Multi-Currency Wallets (MCW)

Veem’s MCW enables partners and platforms to issue their customers a digital wallet with multiple currency balances, allowing users to store, convert, and send funds globally. This feature-rich Wallet solution is built to support digital platforms looking to create a borderless experience for customers.

 

 

 
 
Functionality

 

 
 
Benefits

  • Global Coverage: Initiate outbound transfers to bank accounts, other wallets, or debit cards in 100+ countries.
  • Instant Transfers: Send funds to another Veem Wallet in just seconds.
  • Settlement Speed: Instant wallet-to-wallet transfers; 1–3 days for bank transfers.
  • FX Rates: Competitive mid-market rates with transparent fee disclosure.

 
 
Eligibility
Consumers, Businesses & Sole Proprietorships.

 
 
Coverage
For a detailed list of supported countries and capabilities, please refer to Veem’s Country Coverage document.

 
 

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Stablecoin Wallets

Stablecoin Wallets enable partners to disburse and collect funds in USDC and USDT to these accounts which can be used by beneficiaries to spend, hold and manage funds. Stablecoin settlement delivers near-instant, and 24/7 cross-border transfers at a fraction of traditional wire costs make Stablecoin Wallets a compelling alternative for treasury management and global disbursements and collections.

 
 
Functionality

 

 
 
Benefits

  • Near Instant: Transactions settle in minutes regardless of time zone, weekends, or banking holidays.
  • Global Reach: Send and receive anywhere in the world without SWIFT fees or correspondent banking delays.
  • 24/7 Availability: Stablecoin rails never close. Disbursements can be processed any time, day or night.
  • Lower Cost: Significantly reduced fees compared to international wire transfers for cross-border payments.

 
 
Eligibility
Consumers, Businesses & Sole Proprietorships.

 
 
Coverage
Offered in most geographies. Veem can issue stablecoin to businesses, consumers and entities from these countries.

 
 

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Integration

Seamless API Integration
Veem provides a comprehensive API suite to support partner integrations, ensuring full programmatic control over account issuance and management, transaction management & tracking, and reporting.

API capabilities include:

  • Issuance and lifecycle management for VBAs, Wallets, and Virtual Cards.
  • Funding and balance management controls across issued accounts and wallets.
  • Real-time transaction tracking and reporting.
  • Webhook notifications for deposits and account status updates.

 
 

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