PXP Financial is focusing on cross border payments as the group announced a new collaboration with global technology company Mastercard and payments infrastructure provider Payall.
As a result of the collaboration, the group outlined it will offer inclusive payment capabilities that enable PXP Financial’s customers to send funds to their partners, employees and suppliers safely, in an efficient way.
Kamran Hedjri, CEO of PXP Financial, said: “We’re delighted to be working with Payall and Mastercard to facilitate cross-border payments, which have traditionally been slow, cumbersome and risky for both payers and financial institutions.
“By leveraging Payall’s proprietary compliance tech and Mastercard’s innovation moving funds globally, we are now able to offer our customers speedy, safe and simple access to international payments.”
PXP Financial began working with Payall in mid-2022, having chosen the firm for its focus on payments compliance and safety, as well as its fintech experience for end users.
Gary Palmer, CEO of Payall, added: “With a focus on international funds transfer compliance, process automation and payment orchestration, we deliver turnkey technology and power new paradigms that eliminate the inefficiencies and address the complexities of cross-border payments.
“We’re thrilled to support PXP Financial to deliver better-than-fintech service to its customers making international payments.”
Rasika Raina, SVP, Mastercard Cross-Border Services, concluded: “Whether sending money home to families or working with global suppliers, the need for fast, reliable and transparent payments has never been more crucial. Through programs like this, we’re making cross-border payments safe, fast and easy for everyone.”