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March 11, 2021

India’s Fairexpay unveils cross border payments aggregator platform

By Johney Amala

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

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  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
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  • Regulations
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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.

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.

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.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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