Paloma Wool expands its runway globally

Paloma Wool — a Spanish fashion brand — aimed to drive sales as they expanded into the US and UK.

But entering new markets posed challenges. To keep a competitive edge, they needed to be able to accept local currencies, online and in-person, without incurring high fees — or worse, charging customers extra to pay in their local currency. Traditional payment tools were inadequate, risking currency mix-ups and exchange rates that made their ready-to-wear looks less ready-to-purchase. Paloma sought an alternative.

So what happened next? Paloma Wool’s ability to take payments in local currencies was a good look — it helped them reach more customers around the world.

The brand strengthened their global position by reducing costs with currency exchange at the interbank rate¹ and fast, low-fee international payments. Not to mention, handling multiple currencies in one account allowed for more accurate financial planning. It was a perfect fit.