The collaboration is reportedly set to serve as a catalyst for banks, exchange houses and money transfer operators to offer better services through the ecosystem that spans across North America, Canada, Latin America and Europe.
Madhusudanan R, Co-Founder, M2P Solutions, said: “As a Fintech enabling platform company, we are constantly looking for new ways to partner, and enable products that are reliable, built on the foundation of leveraging cutting-edge technology.
“We are glad to find a partner in Buckzy and are looking forward to serving banks and Fintechs jointly with them.”
Markets such as UAE, Saudi Arabia, Bahrain, Kuwait and Oman among others across the Gulf Cooperation Council (GCC) will leverage the partnership, and Buckzy’s network allows cross-border payments to happen in real time across the world.
Adrian Brown, Managing Director for Buckzy in EMEA, added: “We are clearly aligned in our mission to improve global banking and transaction settlement services that unlock the borderless banking and global economic opportunities for all.
“Combining Buckzy’s network with M2P’s API platform delivers an outstanding customer experience and competitive advantage for customers.”
The company enables enterprise and financial institutions through white-label solutions on a ‘secure platform’, as well as collections and payouts in local currency.
Banking-as-a-Service and foreign exchange solutions take that offering further in delivering on all cross-border payment needs.
In a further stretch for international connections, Buckzy announced in 2019 that it was teaming up with Finastra to connect the payment platform, Fusion Global PAYplus, into Buckzy’s real-time cross border payments network via the FusionFabric.cloud platform for open innovation.