Airwallex has announced a new partnership with global commerce platform MODIFI to launch a streamlined and secure cross-border payments solution.
Leveraging Airwallex’s financial infrastructure, MODIFI has created a payment tool which facilitates a seamless integration for exporters in China and buyers around the world by addressing the complexities and high costs of cross-border payments and invoice financing.
Commenting on the partnership, Pranav Sood, GM, EMEA at Airwallex, said: “Moving money around the world can be incredibly restrictive, time-consuming and costly.
“Airwallex’s global financial infrastructure coupled with MODIFI’s digital commerce payments platform, will simplify the way businesses can grow across borders. We’re excited to work with MODIFI and further empower businesses to reach their global ambitions.”
MODIFI has embedded Airwallex’s payment infrastructure to provide Global Account Solutions for exporters around the globe who are seeking sustainable growth for their international business.
This solution simplifies the financing and collection process for both buyers and sellers across multiple regions, including North America, Europe, and Asia. MODIFI Global Account Solution is designed to address the financing pain points of B2B exporters, as well as meet the cash flow needs of e-commerce marketplace vendors and non-traditional businesses.
By optimising cash flow, bridging financing gaps, and providing strong support for Chinese export enterprises, MODIFI facilitates cross-border e-commerce platforms and enhances their international competitiveness.
Currently, MODIFI supports platforms such as Walmart, JD Worldwide, Amazon, Wayfair, Tmall International, Coupang, and Temu.
Sven Brauer, COO of MODIFI, added: “We’re partnering with Airwallex to offer our innovative invoice financing and payment solution not only to Chinese exporters but also to those located outside of China.
“Our solution eases trade bottlenecks and tackles liquidity issues, benefiting exporters struggling with financing and collection solutions. Together with Airwallex, we’re proud to achieve our shared goals.”