PayerMax collaborates with Standard Chartered
12 December 2024 Hong Kong
Image: Victorflowerfly/stock.adobe.com
PayerMax has partnered with Standard Chartered to ensure the bank’s operations are supported with a payment solution that can serve a range of markets and regions.
The partnership sees the integration of PayerMax’s solution with Standard Chartered’s FX scale product, which will link accounts in other countries through its hubs in Hong Kong and Singapore.
The companies say that technical integration across several jurisdictions has also been achieved using host-to-host (H2H) connections and APIs, which will support mutil-currency virtual accounts and batch payment solutions.
PayerMax suggests that the partnership addresses key challenges in cross-border payments in emerging markets, whilst enhancing the efficiency of multi-currency fund flows.
Commenting on the collaboration, Wang Hu, co-founder and president of PayerMax, states: “By leveraging Standard Chartered's banking infrastructure, we can offer an easy-to-use and full-fledged payment solution while reducing transaction costs and payment processing time. The partnership also enables merchants to centralise their treasury management."
Luke Boland, global head of fintech at Standard Chartered, adds: “ We will continue bringing our network and solutions to clients like PayerMax so that they can better support global merchants' cross-border operations, especially in emerging markets, and target new customer segments."
The partnership follows approval and compliance from regulatory authorities and global banks.
The partnership sees the integration of PayerMax’s solution with Standard Chartered’s FX scale product, which will link accounts in other countries through its hubs in Hong Kong and Singapore.
The companies say that technical integration across several jurisdictions has also been achieved using host-to-host (H2H) connections and APIs, which will support mutil-currency virtual accounts and batch payment solutions.
PayerMax suggests that the partnership addresses key challenges in cross-border payments in emerging markets, whilst enhancing the efficiency of multi-currency fund flows.
Commenting on the collaboration, Wang Hu, co-founder and president of PayerMax, states: “By leveraging Standard Chartered's banking infrastructure, we can offer an easy-to-use and full-fledged payment solution while reducing transaction costs and payment processing time. The partnership also enables merchants to centralise their treasury management."
Luke Boland, global head of fintech at Standard Chartered, adds: “ We will continue bringing our network and solutions to clients like PayerMax so that they can better support global merchants' cross-border operations, especially in emerging markets, and target new customer segments."
The partnership follows approval and compliance from regulatory authorities and global banks.
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