back Back

Cybrid expands B2B payments on its embedded finance API platform

By Delisha Fernandes

January 24, 2024

  • API Platform
  • B2B Payments
  • cryptocurrency transactions
Share

Cybrid, B2B Payments, Embedded Finance, API Platform, Know Your Business, cryptocurrency transactions, FinTech news, FinTech USACybrid, an embedded finance provider, has expanded its FinTech API platform to include business-to-business (B2B) payments.

This latest enhancement brings a host of advanced features tailored to meet the sophisticated needs of modern businesses, further cementing Cybrid’s status as a leader in financial innovation.

“Our expansion into B2B payments marks a significant stride in our mission to equip businesses with the most advanced financial tools available,” said Avinash Chidambaram, CEO of Cybrid. “The inclusion of cryptocurrency capabilities with USDC and BTC onramps and offramps is particularly exciting, opening up new avenues for financial transactions in the digital age.”

Cybrid’s platform is equipped with a comprehensive range of financial services including KYC identity verification processes, money transmission using wire and ACH transfers, virtual FBO accounts for USD connected to digital wallets with integrated crypto onramp and offramps. The addition of B2B payment capabilities is integrated with a Know Your Business (KYB) process, facilitating smooth onboarding of business customers to support fiat and cryptocurrency transactions.

Key advantages include real-time transactions with fast confirmations, ensuring businesses benefit from near-instant payment processing for rapid access to funds and improved liquidity management. It also features high transaction limits, specifically tailored to accommodate large sum payments with ease, thereby reducing the complexities often associated with high-value transactions.

Additionally, the solution provides rich remittance data, which streamlines record-keeping by enabling businesses to reconcile transactions with less reliance on paperwork. A crucial component of the platform is the crypto onramp/offramp for USD Coin (USDC) and Bitcoin (BTC), offering a seamless way for businesses to send and receive cryptocurrency payments. This feature adds versatility in payment rails and aligns with the growing global trend towards digital currencies, positioning Cybrid at the forefront of financial technology innovation.

Previous Article

January 24, 2024

Alchemy Pay goes live on Bitcoin portal to offer on-ramp payment services

Read More
Next Article

January 24, 2024

FundPark raises asset-backed securitisation facility up to $500m from Goldman Sachs

Read More








IBSi Daily News Analysis

South East Asia

February 28, 2024

API Platform

FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Enfuce receives e-money licence to boost UK expansion

Read More

Today

DCB Bank leverages NPST’s ODR solution for dispute management

Read More

Today

Mastercard & MTN Group Fintech to bolster mobile payment services in Africa

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023