Moneycorp Americas, a leading provider of global payments and FX risk management solutions, has expanded its in-country payment capabilities by offering access to alternative payment rails in APAC, LatAm, and Africa. This fortified infrastructure will extend into hard-to-reach jurisdictions where the full value of payments can be received within an hour.
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Driven by robust APIs, these payment rails fall outside of the traditional SWIFT network historically used by payment providers. Thus, increasing transparency, eliminating correspondent bank fees, and enhancing the speed of delivery to the end beneficiary.
“Hard-to-reach jurisdictions have long been one of the sector’s unique challenges,” said Bob Dowd, Chief Executive Officer of Moneycorp Americas. “In addition to access, hurdles have traditionally included cost, speed, security and transparency – all of which we aim to address with our tech-enabled, digitally-forward solutions.”
He added, “For our partners, the ability to provide these solutions to their customers is particularly important as it eliminates lifting charges, reduces delays, and ultimately provides our partner’s customers a better service experience.”
These expanded offerings mean Moneycorp can offer its partners a growth path. In an industry that is complex and ever-evolving, Moneycorp is staying a step ahead to make B2B and B2C transactions simpler and secure with tech-enabled, re-imagined payment solutions.
“The rapid acceleration of remote work and digital infrastructure in the global business landscape has led to a dramatic need for innovative payment rails that are quick, reliable, and cost-effective,” said Joey Frasier, CEO of Worksuite. “These expanded payment capabilities offered by Moneycorp allow us to give our customers the ultimate cross-border payment experience. By eliminating some of these long-standing pain points of the past our customers are assured that they’re receiving their full payments on time, every time.”
This solution will allow our clients and partners to confidently expand their service offerings into new global markets.
About Moneycorp Americas
Moneycorp is a world-leading payments services provider for banks, businesses, and consumers. Tens of thousands of customers and partners globally trust Moneycorp for its dependable service and cutting-edge technology. Consistently at the forefront of the market, Moneycorp focuses on creating a balance between shaping the future of the payments industry and building meaningful relationships. At Moneycorp, we are committed to helping our clients navigate the complex world of global payments.