India-based digital B2B payments aggregator Fairexpay has unveiled a cross border payments aggregator platform.

This platform features services such as currency pair payments aggregation and recommendation, invoice factoring, and payment gateway solutions for e-commerce, and market place integrations.

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The platform also offers a dashboard for management teams and can support vendor, overseas payroll and intercompany payments.

It also supports over 30 multicurrency wallets that can be used for accepting payments from customers as well.

Fairexpay’s Customer Metadatasys CEO Srini said: “We have already realised substantial savings on our cross-border payments, Fairexpay’s application is easy to use and has good recommendations on the Fx currency pairs.”

The Fairexpay aggregation platform hosts several regulated payment providers to facilitate real-time foreign exchange payments for businesses across the world, with Fx pricing clarity.

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Additionally, the clients are provided with an automated best rate and partner selection process.

Fairexpay CEO Raj Kattelu said: “Teaming up with global payment providers and the integration with Financial applications helps businesses save money and send payments to more than 200 countries, they can also have a single platform for visibility on latest Fx rates for over 130 currencies.”

Fairexpay partnerships director for sales Abhilash Reddy added: “Providing a single platform for any business with cross border payments has generated lot Interest across many regions and Fairexpay.com is at the forefront for helping businesses save on their cross-border payments!”

Meanwhile, it was recently reported that digital payments company PayPal is looking to hire more than 1,000 engineers this year for its India development centres located in Chennai, Bengaluru, and Hyderabad.