Wallets & IBAN Accounts

Multi-currency wallets and IBAN accounts through one operating layer

BearlaPay provides the platform layer to run multi-currency wallets, FX, collections and payouts through a single API and consistent lifecycle model. For external account details and rail access, BearlaPay connects to regulated partners that provide named IBANs and virtual IBANs (vIBANs) and access to local and international payment rails.

The objective is a consistent internal model for balances and movements, even when the underlying rails and partners differ.

Core Features

Multi-Currency
IBAN Issuance
FX Conversion
Ledger Engine

Multi-Currency Wallets

Support multiple currencies in a single wallet with real-time balance management and conversion.

IBAN Issuance

Issue virtual and physical IBAN accounts through regulated partners with full control layer.

FX Conversion

Built-in FX conversion with configurable spreads and real-time rate management.

Ledger Engine

Consistent ledger model for all movements with full audit trails and reporting.

Balance and Ledger Model

Every movement is represented through a consistent ledger model so balances, audit trails and reporting stay stable across rails.

This reduces reconciliation breaks as you add providers, corridors and payment methods.

  • Double-entry accounting model
  • Real-time balance updates
  • Complete audit trail
  • Provider-agnostic reporting

Consistent Representation

Atomic Transactions

All movements are recorded atomically to ensure data integrity

Multi-Currency Support

Handle multiple currencies with automatic conversion tracking

Reconciliation Ready

Structured data format simplifies reconciliation processes

Wallet & Money Movement Architecture

User Wallet Multi-Currency USD • EUR • GBP BearlaPay Ledger Engine Double-Entry • Atomic • Real-Time Audit Trail • Balance Management SEPA SEPA European Transfers FPS Faster Payments UK Instant SWIFT SWIFT Cross-Border IBAN IBAN Accounts Virtual & Physical Transfers Payouts Collections

Money Movement and FX

Support transfers, payouts, collections and FX through one operating layer. Configure limits, rules and approval flows per tenant so different client types can operate safely through the same platform.

Transfers & Payouts

Enable wallet-to-wallet transfers, domestic and cross-border payouts with configurable limits and approval workflows.

  • Instant transfers
  • Scheduled payouts
  • Batch processing

FX Conversion

Built-in foreign exchange with configurable spreads and real-time rate management for multi-currency operations.

  • Real-time rates
  • Configurable spreads
  • Per-tenant pricing

Configurable Controls

Set limits, rules and approval flows per tenant to ensure different client types operate safely through the same platform.

  • Transaction limits
  • Approval workflows
  • Risk-based rules

IBANs and Payment Rails

IBAN issuance and access to rails such as SEPA, SEPA Instant, Faster Payments and SWIFT are delivered through integrated partners and accessed through the same BearlaPay control layer.

This keeps onboarding and operations consistent even as underlying rails differ.

Supported Payment Rails

SEPA
SEPA Instant
Faster Payments
SWIFT

Unified Control Layer

Access multiple payment rails through a single, consistent interface regardless of the underlying provider or rail type.

  • Consistent API across all rails
  • Unified onboarding process
  • Standardized operations
  • Provider-agnostic workflows

Operational Outcomes

Reduced operational overhead, fewer settlement exceptions, consistent audit trails, and faster corridor or partner expansion.

Reduced Overhead

Streamlined operations with unified workflows reduce manual intervention and operational costs.

Fewer Exceptions

Consistent ledger model and standardized processes minimize settlement exceptions and reconciliation breaks.

Audit Trails

Complete, consistent audit trails across all rails and providers for compliance and reporting.

Faster Expansion

Add new corridors and partners quickly without rebuilding infrastructure or operational processes.