Cross River Bank & Paymints.io partner to enhance payment solutions
By Delisha Fernandes
Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced its strategic partnership with paymints.io, a Software-as-a-Service (SaaS) platform for real estate payment transactions.
This collaboration marks a significant milestone in transforming how stakeholders in real estate transactions handle and control their funds.
“As a leader in modernising payments, we are thrilled to join forces with paymints.io to transform the real estate payment landscape,” said Keith Vander Leest, Head of Payments at Cross River.
“By combining our expertise in payments, compliance, and financial technology, with the paymints.io team’s deep expertise in real estate, property and title insurance, we are advancing how funds are handled in real estate transactions and ensuring a seamless and secure experience for all parties involved. It’s niche B2B verticals, like real estate, that have outdated payment processes which are ripe for innovation. Cross River works with partners like paymints.io in these verticals to drive better, more efficient payment experiences.”
The partnership between the bank and paymints.io provides stakeholders involved in real estate transactions – including buyers, sellers, agents, and escrow holders – with a revolutionary payment platform enabling them to move money swiftly, conveniently, and in line with their preferences.
“The innovation of digital payments for real estate is still in the early stages,” sayid Jason Doshi, CEO of paymints.io. “And our partnership with Cross River enables us to continue to build the modern payment experience the real estate industry so desperately needs to make the transfer of funds as safe, convenient, and secure as possible.”
The innovative partnership between Cross River and paymints.io represents a step towards modernising real estate transactions, ultimately delivering a superior experience for all involved parties. The partners look forward to adding additional payment capabilities to access all payment rails within a single platform.
IBSi Daily News Analysis
September 21, 2023
Future of mobile banking in the UAE: what to expectRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage