PXP Financial, a Ripple partner and global payments company that is delivering acquiring solutions built by merchants for merchants, announced on Wednesday it has formed a partnership with borderless commerce company MoneyNetint to provide cross-border payment processing in the U.S. and EU.
MoneyNetint currently offers a wide range of secure global payment services, which includes Multi-Currency E-Wallet, FX Conversions, send direct-to-bank-account transfers using local payment networks or SWIFT, to credit card processing, capture international payments without high transfer fees or delays and local currency account. By partnering with PXP Financial as its acquiring bank, MoneyNetint is now able to offer all major global credit & debit cards processing as well as a wide range of alternative payment methods such as vouchers, e-wallets, online and offline banking while achieving significant reduction of their operational cost since reconciliations and payment related processes will be managed by PXP Financial.
Speaking about the partnership, Avi Starodubsky, Head of Business Development at MoneyNetint, stated:
“We at MoneyNetint have always prided ourselves on being bold and offering the most innovative and effective solutions for our customers, helping to reduce costs for businesses worldwide. We’re delighted to have joined forces with the team at PXP Financial, and to be working on our joint goal of providing seamless global payment services.”
Koen Vanpraet, CEO of PXP Financial, added:
“PXP Financial and MoneyNetint are extremely proud to be working together to create frictionless payment solutions for our respective customers as well as additional, innovative services. The future looks bright for our partnership; together, we want to help our clients to be able to accept credit cards for their online goods and services and utilise its acquiring services.”