Pay­oneer part­ners ez Cash to sim­plify cross-bor­der pay­ments

Daily Mirror (Sri Lanka) - - ICT -

Pay­oneer, an in­no­va­tive cross-bor­der pay­ments com­pany trans­form­ing the way busi­nesses pay and get paid glob­ally, an­nounced that it has part­nered with ez Cash, Sri Lanka’s lead­ing mo­bile money net­work and a brand of the Di­a­log Ax­i­ata group, which com­mands 50 per­cent of the coun­try’s mo­bile mar­ket.

Through the in­te­gra­tion, Sri Lankan en­trepreneurs, mer­chants and free­lancers are able to with­draw cross-bor­der pay­ments they re­ceive us­ing Pay­oneer straight to their ez Cash mo­bile ac­counts, where they can make a host of lo­cal pay­ments with greater ease. The part­ner­ship marks an­other step in Pay­oneer’s roadmap to make pay­ments for SMBS more seam­less, flex­i­ble and lo­cal­ized than ever be­fore. ez Cash will mar­ket Pay­oneer to its small busi­ness cus­tomers as a value-added ser­vice.

The in­te­gra­tion en­ables ez Cash’s 14 mil­lion sub­scribers to lever­age Pay­oneer’s cross-bor­der ca­pa­bil­i­ties to con­nect with mar­ket­places and clients world­wide. ez Cash cus­tomers can send and re­ceive funds across the net­work’s user base; re­ceive in­ward re­mit­tances from abroad; make on­line pur­chases; and set­tle util­ity bills, di­rectly from their mo­bile phone.

“Sri Lanka is wit­ness­ing a steady rise in the num­ber of en­trepreneurs and free­lancers who are serv­ing the in­creas­ingly dig­i­tized, global mar­ket. This has opened ad­di­tional streams of rev­enue for them. How­ever, they face sev­eral chal­lenges in re­ceiv­ing pay­ments from abroad in­clud­ing high trans­ac­tion costs, de­layed pro­cess­ing and lengthy hold times,” said Di­a­log Ax­i­ata PLC Dig­i­tal Ser­vices Vice Pres­i­dent Fariq Cader. “We are de­lighted to part­ner with Pay­oneer to of­fer our tal­ented free­lancers and en­trepreneurs a bet­ter way to ac­cept pay­ments from their clients abroad with greater ease. We look for­ward to see­ing them avail the con­ve­nience and se­cu­rity af­forded by our plat­forms and grow their busi­nesses glob­ally,” he added.

This part­ner­ship is the lat­est ad­di­tion to Pay­oneer’s grow­ing suite of busi­ness ser­vices, aimed to meet the needs of the to­day’s dig­i­tal busi­nesses. In the past year, Pay­oneer has an­nounced its in­te­grated pay­ments API, which al­lows for the in­te­gra­tion of the pay­ment ser­vice with Saas providers; an early pay­ments ser­vice to pro­vide work­ing cap­i­tal for SMES; and new fea­tures to fur­ther au­to­mate and stream­line Pay­oneer’s billing ser­vice, which sim­pli­fies the process of get­ting paid by clients world­wide.

Pay­oneer Di­rect Busi­ness GM Eyal Moldovan said: “We are de­lighted to part­ner with ez Cash to fur­ther lo­cal­ize our cross bor­der pay­ment so­lu­tions for the Sri Lankan mar­ket and are com­mit­ted to part­ner­ing with ad­di­tional mo­bile pay­ment net­works and ewal­lets through­out the world. Al­liances such as this fur­ther ce­ment our po­si­tion as the go-to-so­lu­tion for free­lancers and small busi­nesses, em­pow­er­ing pro­fes­sion­als and busi­ness own­ers world­wide to get paid glob­ally as eas­ily as they do lo­cally.”

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