UK Fintech Ebury Enrolls in Amazon’s Payment Service Provider Program

Ebury, a global fintech, is pleased to announce that it has become a member of Amazon’s Payment Service Provider Program “meaning that sellers using Amazon sites can continue to collect payments in different regions and currencies through Ebury’s platform.”

The Program was “introduced by Amazon earlier in 2021 as part of its continued efforts to be the safest and most trusted store in the world for customers and Sellers.”

Amazon marketplace sellers can now “use Ebury’s cross-border platform services which provides local collection accounts in 10 currencies to help them receive funds in their local currency from Amazon.”

These FX capabilities also “allow businesses to repatriate funds successfully, while Ebury’s forward capabilities help mitigate FX risk for both sellers and their suppliers, achieving price stability and security.”

Fernando Pierri, Chief Commercial Officer at Ebury, said:

“Ebury’s enrolment in the Payment Services Provider Program is great news for Ebury as well as Amazon e-sellers who are looking to use Ebury’s platform. Ebury offers outstanding currency options in its collection services with our forward capabilities helping our clients hedge their FX risk exposures. In tandem with our team of specialists and innovative tech platform, these capabilities give e-commerce businesses the confidence to invest in their international operations, even at times of macroeconomic volatility, and achieve success.”

As covered, Ebury, which claims to be one of Europe’s largest Fintechs and provider of transaction payment solutions, is increasing its presence in the alternative investment sector “to meet growing demand for better, more focused services as an alternative to traditional banking providers.”

Ebury has reportedly “invested significantly in its proposition, hiring new specialists in the alternative banking investment sector and creating a dedicated international footprint with colleagues across 10 countries.”

It has also “developed a new and improved proposition encompassing support for MIFID compliance, FX risk management, cash management and treasury solutions.”

The rebrand of this dedicated division to Ebury Institutional Solutions will “support its ambitious growth plans in the market, leveraging its cutting-edge global transaction payment platform to provide a proven full-service offering.”

Ebury’s proposition “allows managers to deploy capital globally allowing them to execute their investment strategies quickly and efficiently.” Managers can also “leverage Ebury’s corporate treasury tools, plugging Ebury into portfolio companies to achieve further cost and time synergies to maximise investment returns.”

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