back Back

FinMont partners with B2B payments platform ConnexPay

By Delisha Fernandes

February 12, 2024

  • B2B Payments
  • Cash Flow
  • ConnexPay
Share

ConnexPay, virtual card, fraud prevention, merchant, Payments, Fintech news, Fintech USA, CanadaFinMont, a Global payment orchestration platform has partnered with  B2B payments platform ConnexPay. Through this new alliance, FinMont is adding ConnexPay’s innovative  payments solution to their travel orchestration platform.

Suby Valluri, CEO of FinMont, said, “We are delighted to announce our partnership with ConnexPay and incorporate their payment platform into our global ecosystem. This partnership will strengthen and expand the FinMont proposition for travel merchants, allowing our clients to issue virtual cards in real time.”

Purpose-built for the travel industry, ConnexPay’s unified payments solution aligns incoming customer payments with outgoing supplier payments, all in real time, with one contract and one reconciliation. With ConnexPay, clients get real-time access to incoming customer funds that they can use to pay suppliers, which drives significant cash flow for travel businesses.

Bob Kaufman, Founder and CEO at ConnexPay, added, “ConnexPay is excited to partner with FinMont and incorporate our global payment offering into FinMont’s payment ecosystem for the travel industry. Our solution will allow FinMont’s clients to use one system to both accept and make payments, unifying the entire payments process with one contract and one reconciliation for ease and convenience.”

FinMont offers the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also B2B payments. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes. The firm’s mission is to help travel merchants use payments as a strategic tool to stand out from competitors.

Previous Article

February 12, 2024

The Monday Roundup: what we are watching this week | February 12th

Read More
Next Article

February 12, 2024

InsurTech JAVLN appoints Rosalie Lau as Chief Financial Officer

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

B2B Payments

Regulated firms battle surge in financial crime attempts, 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

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

MultiPay teams up with Acquired.com to launch Pay By Bank

Read More

February 23, 2024

UNIPaaS unveils AI payment assistant solution for SaaS platforms

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