Electronic payments provider PPRO has struck a partnership agreement with HighRadius, a fintech firm that facilitates automation of accounts receivable and treasury processes, to support payment acceptance for merchants.

The agreement integrates PPRO’s local payment methods (LPMs) with HighRadius Integrated Receivables platform.

The combined functionalities are said to make B2B payments simpler, quicker and more accurate.

HighRadius chief product officer Sayid Shabeer said: “As a part of our global expansion and offering of our Integrated Receivables platform, we are embracing newer payment methods as they are becoming more relevant to the B2B world.

“We believe with PPRO we will be able to provide a variety of Local Payment Methods to our clients and keep bringing new efficiencies to transactions.”

Through the alliance, HighRadius customers will gain access to various LPMs.

Among these LPMs are Entercash, Giropay, iDEAL, P24, Sofort, Trustly, SEPA, as well as Bancontact.

PPRO vice president of partner management Steve Villegas said: “HighRadius has developed a great range of B2B solutions, and we are proud to be able to provide their merchants with Local Payment connections from around the world.

“Together we will offer a unique value proposition to a market that continues to grow and is looking for innovation from its business partners.”