Transpay and Base Commerce have partnered in launching a new solution that aims to ‘revolutionise’ the way that the latter’s customers make global payments.
Transpay is a business-to-business and business-to-consumer (B2B/B2C) cross-border payments platform with the world’s largest, independent, direct-to-bank payments network, while Base Commerce provides integrated payments solutions specifically for electronic commerce (ecommerce) and Software-as-a-Service (SaaS) businesses.
Base Commerce said that Transpay’s pay-by-email global mass payments platform was selected for its simplistic, user-friendly interface, flexible payout options for sending payments to both developed and emerging markets, and strong foreign exchange (FX) and global compliance management.
“The partnership with Transpay allows us to offer a fast, seamless and cost-effective global funds remittance solution to our customers without the burdens and costs of directly entering the money remittance business,” said John Hughes, president of Base Commerce.
“This allows us to lever our leading edge payments technology and attach it to a true innovator in global payments.”
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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