What Is Virtual IBANs
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Comments (2)
BIS Research Market8
Market Intelligence on Deep Techs
A "Virtual IBAN (International Bank Account Number" is a unique identifier that functions like a traditional IBAN but does not correspond to a physical bank account. It's used to route payments or funds to a central account where multiple sub-accounts can be managed. Virtual IBANs help businesses streamline international transactions, improve payment tracking, and manage funds across different regions or departments.
Dheeraj Maurya13
SEO Specialist
A virtual International Bank Account Number (IBAN) is a virtual account number that allows individuals and businesses to send and receive payments. Virtual IBANs are issued by Banking-as-a-Service providers.