--- title: Go local in Australia and Switzerland with AUD and CHF virtual accounts description: AUD and CHF virtual accounts help platforms collect and manage funds locally in Australia and Switzerland without opening bank accounts. image: https://blog.mangopay.com/hubfs/aud-chf-virtual-accounts-mangopay-thumbnail.png --- [Skip to content](https://blog.mangopay.com/en/home/go-local-in-australia-and-switzerland-with-aud-and-chf-virtual-accounts#main-content) [![Mangopay logo](https://blog.mangopay.com/hubfs/Logo-1.svg)](https://mangopay.com/) - [Visit Mangopay.com](https://mangopay.com) Open main navigation Close main navigation - [Visit Mangopay.com](https://mangopay.com) - [Contact Sales](https://mangopay.com/contact?utm_source=Mangopay%20blog&utm_medium=Blog&utm_campaign=Header) [Contact Sales](https://mangopay.com/contact?utm_source=Mangopay%20blog&utm_medium=Blog&utm_campaign=Header) ![companies](https://blog.mangopay.com/hubfs/companies.svg) Why am I here? Nethone is now part of Mangopay. Learn more about our award-winning [Fraud Prevention solution  ![arrow-right-thin-inline](https://blog.mangopay.com/hubfs/arrow-right-thin-inline.svg)](https://mangopay.com/products/fraud) # Go local in Australia and Switzerland with AUD and CHF virtual accounts AUD and CHF virtual accounts help platforms collect and manage funds locally in Australia and Switzerland without opening bank accounts. ![aud-chf-virtual-accounts-mangopay](https://blog.mangopay.com/hubfs/aud-chf-virtual-accounts-mangopay.png) ![aud-chf-virtual-accounts-mangopay-thumbnail](https://blog.mangopay.com/hubfs/aud-chf-virtual-accounts-mangopay-thumbnail.png) ![Picture of Mangopay](https://blog.mangopay.com/hubfs/Imported_Blog_Media/7156eb69-6d52-46bc-9c52-3afb6ccea1cb_logo_rebranded_rounded-Jul-12-2023-10-31-01-5290-AM.svg) [Mangopay](https://blog.mangopay.com/en/home/author/mangopay) [News](https://blog.mangopay.com/en/home/tag/news) May 27, 2026 Payment experiences are expected to be instant, local, and invisible to the user. Meeting these expectations across new markets, however, still comes with several challenges, such as setting up local bank accounts, slower settlements, and fragmented reconciliation. AUD and CHF virtual accounts remove that friction by giving platforms a way to operate locally in Australia and Switzerland while maintaining full visibility and control over funds through a wallet-first infrastructure. ## Expand into new markets without a local banking setup Entering Australia or Switzerland often means setting up local entities and banking relationships. That process slows down expansion and adds operational overhead. With AUD and CHF virtual accounts, platforms can issue local account details to users, merchants, or partners without opening a bank account in either country. Funds are received locally and linked directly to wallets, making it easier to manage multi-party flows from a single system. This matters most for platforms handling complex payment flows. Marketplaces, fintechs, and platforms with multiple payees can collect funds, split them, and move them without relying on separate banking setups. ## Keep funds local while managing flows globally Cross-border payments introduce delays, FX costs, and reconciliation gaps. These issues become more visible as volume grows. AUD and CHF virtual accounts allow funds to be collected and held locally, then managed at the wallet level. Each transaction is tied to a user or entity, making reconciliation clearer and reducing manual work. For treasury and operations teams, this creates a more controlled way to manage pay-ins and payouts. Instead of stitching together bank accounts across regions, flows can be orchestrated through a single integration. ## Built for platforms with multi-party payment flows Different platform models face the same underlying challenge: moving money between multiple parties while staying efficient and compliant. [Virtual accounts](https://blog.mangopay.com/en/home/virtual-accounts-multi-currency-fund-collection-for-platforms-and-users) support this by connecting local collection to a wallet-based infrastructure. Platforms can assign accounts per user, track funds at a granular level, and release payouts when needed. This approach works across various use cases. Marketplaces can collect from buyers and pay sellers. Fintechs can enable local wallet funding. Payment facilitators can reconcile per merchant. In each case, the structure stays consistent even when operating across different markets. ### How it works Getting started follows the same pattern as other currencies: - Create a wallet - Share the local account details with end users - Receive funds locally - Hold, convert, or pay out globally AUD and CHF expand the list of [supported currencies](https://docs.mangopay.com/guides/currencies), helping platforms grow internationally while keeping payment flows simple. Ready to issue local AUD and CHF accounts to your users? Reach out to your Customer Success Manager or[contact sales](https://www.notion.so/USD-and-CAD-launch-blog-content-brief-21f1c622aee38050a225f0effa68d604?pvs=21) to activate the feature and start scaling across Australia and Switzerland.  ## On the same topic [![](https://blog.mangopay.com/hubfs/virtual-accounts-thumbnail-new.png)](https://blog.mangopay.com/en/home/introducing-our-latest-currencies-usd-and-cad-virtual-accounts) [By Mangopay](https://blog.mangopay.com/en/home/author/mangopay) [News](https://blog.mangopay.com/en/home/tag/news) Oct 17, 2025 ## [Introducing our latest virtual accounts: USD and CAD](https://blog.mangopay.com/en/home/introducing-our-latest-currencies-usd-and-cad-virtual-accounts) [![](https://blog.mangopay.com/hubfs/Thumbnail%20-%20328x220@2x%20(22).png)](https://blog.mangopay.com/en/home/account-takeover-in-financial-services-how-it-works-and-how-to-prevent-it) [By Mateusz Chrobok](https://blog.mangopay.com/en/home/author/mateusz-chrobok) [Learn](https://blog.mangopay.com/en/home/tag/learn) Dec 29, 2023 ## [Account takeover in financial services: How it works and how to prevent it](https://blog.mangopay.com/en/home/account-takeover-in-financial-services-how-it-works-and-how-to-prevent-it) [![](https://blog.mangopay.com/hubfs/Thumbnail%20-%20328x220@2x%20(24).png)](https://blog.mangopay.com/en/home/how-to-prevent-account-takeover-fraud-nethone) [By Mateusz Chrobok](https://blog.mangopay.com/en/home/author/mateusz-chrobok) [Learn](https://blog.mangopay.com/en/home/tag/learn), [Nethone](https://blog.mangopay.com/en/home/tag/nethone) Sep 11, 2024 ## [How to prevent account takeover fraud](https://blog.mangopay.com/en/home/how-to-prevent-account-takeover-fraud-nethone) ![eu-flag](https://blog.mangopay.com/hs-fs/hubfs/eu-flag.png?width=24&height=24&name=eu-flag.png) EU Licensed & Regulated Financial Institution Products [E-wallet](https://mangopay.com/products/e-wallet) [Payments](https://mangopay.com/products/payments) [Identity](https://mangopay.com/products/identity) [Payout](https://mangopay.com/products/payout) [Fraud](https://nethone.com/) [FX](https://mangopay.com/products/fx) Solutions [C2C marketplaces](https://mangopay.com/solutions/c2c-marketplaces) [B2C marketplaces](https://mangopay.com/solutions/b2c-marketplaces) [B2B platforms](https://mangopay.com/solutions/b2b-platforms) [Retail marketplaces](https://mangopay.com/solutions/retail-marketplaces) [Rental marketplaces](https://mangopay.com/solutions/rental-marketplaces) Resources [Pricing](https://mangopay.com/pricing) [FAQ](https://support.mangopay.com/s/?language=en_US) [Blog](https://blog.mangopay.com/en/home) [Documentation](https://mangopay.com/docs) [Marketplace demo](https://demo-marketplace.mangopay.com/) Company [About us](https://mangopay.com/en) [Open positions](https://boards.eu.greenhouse.io/mangopay) [Working at Mangopay](https://mangopay.com/working-at-mangopay) [Press and media](https://mangopay.com/press-and-media) [Contacts us](https://mangopay.com/contact) [LinkedIn](https://www.linkedin.com/company/mangopay---leetchi-group) [YouTube](https://www.youtube.com/@mangopay-payment) [X](https://twitter.com/mangopay) © 2023 Mangopay. 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