Moneycorp Americas, a provider of international payments and FX risk management solutions, has reportedly expanded its in-country payment capabilities by providing access to alternative payment channels in the APAC area, LatAm, as well as other world regions.
As mentioned in a release, this fortified infrastructure will extend into “hard-to-reach jurisdictions where the full value of payments can be received within an hour.”
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,” the update noted.
Bob Dowd, CEO at Moneycorp Americas, stated:
“Hard-to-reach jurisdictions have long been one of the sector’s unique challenges. 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.”
“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 provide its partners a growth path. In an industry that is complex and fast-evolving, Moneycorp claims that it is “staying a step ahead to make B2B and B2C transactions simpler and secure with tech-enabled, re-imagined payment solutions.”
Joey Frasier, CEO of Worksuite, remarked:
“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,. 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 enable their clients and partners to “confidently expand their service offerings into new global markets.”
As noted in the release, Moneycorp is a payments services provider for banks, businesses, and consumers.
Tens of thousands of customers and partners globally “trust” Moneycorp for its “dependable” service and technology. The company says it “focuses on creating a balance between shaping the future of the payments industry and building meaningful relationships.”
At Moneycorp, they claim to be “committed to helping [their] clients navigate the complex world of global payments.”