World First is launching a cross-border payments platform for SMEs.

The U.K. company said Tuesday (May 9) that it is rolling out its World Account solution, an international payments platform for B2B payments developed for smaller businesses. According to World First, the solution allows SMEs to go bankless and avoid the fees associated with traditional banking services.

World First claimed its World Account is a market first to provide SMEs with global banking capabilities typically seen only with larger firms. The platform supports outbound and inbound payments, the announcement said.