> ## Documentation Index
> Fetch the complete documentation index at: https://developers.uqpay.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Virtual Account (Global account & Local account)

> Virtual accounts are digital identifiers to receive local and international payments, linked to a primary settlement account, facilitating efficient transaction management without holding funds.

## 🌎 Global account

Global account is a multi-currency account that receives funds globally, supports over 50 key countries and regions worldwide.

## ⛳️ Local account

Local account is a single currency account that receives funds locally. Supporting the Payment method:
Example: Local account for SGD will include the following payment method: PayNow, FAST, GIRO, MEPS

## Flowchart: Virtual Account Creation

```mermaid theme={null}
sequenceDiagram
    participant Merchant
    participant Admin

    Merchant->>Merchant: Sign-up
    Merchant->>Merchant: Start verification
    Merchant->>Admin: KYC
    Admin->>Admin: Review Process
    Admin->>Admin: Approved?
    alt Approved
        Admin->>Merchant: Approval Confirmation
        Merchant->>Merchant: Apply for Virtual Account
        Merchant->>Merchant: Select Global Account / Local Account
        alt Selected Global Account
            Merchant->>Merchant: Select Bank Location
            Merchant->>Admin: Bank Location
        else Selected Local Account
            Merchant->>Merchant: Select Currency
            Merchant->>Admin: Currency
        end
        Admin->>Admin: Route Configuration
        Admin->>Admin: Submit to Channel
        Admin->>Merchant: Issue Virtual Account
        Merchant->>Merchant: VA Created Successfully
    end
```

## Balance

The total amount of the account that you manage

* Balance of the parent account: sum of parent account and all the sub-accounts
* Balance of the sub-account: sum of the particular sub-account

## After your Virtual Account is created, you may start using POBO and COBO function

For more detail please visit → [COBO & POBO](/global-account/v1.6/guide/cobo-pobo)

## Supported Regions and Currencies

* Here are the [Supported Regions and Currencies](/global-account/v1.6/guide/supported-regions-and-currencies)

***

## API integration

For programmatic integration, use the [Virtual Account API Lifecycle](/global-account/v1.6/guide/virtual-account-api-lifecycle) guide together with these API references:

* [Create Virtual Account](/global-account/v1.6/api-reference/create-virtual-account)
* [List Virtual Accounts](/global-account/v1.6/api-reference/list-virtual-accounts)