back Back

Melio teams up with Shopify to offer accounts payable solution for merchants

By Delisha Fernandes

April 25, 2023

  • Embedded Finance Offerings
  • financial news
  • FinTech
Share

MelioMelio, a payments platform for small businesses, has partnered with Shopify to power Shopify Bill Pay, an accounts payable solution that will transform how merchants pay and manage their business bills.

Matan Bar, Melio’s CEO and co-founder, said, “We are excited to announce this unique partnership with Shopify that will simplify merchants’ bill-paying experience providing them with more flexibility to help with their cash flow and saving them countless hours spent tracking invoices.”

Bar added ”Shopify Bill Pay will bring a whole new experience to merchants who are overwhelmed by managing their cash flow and inventories, preparing their stock for busy seasons and keeping track of each vendor’s payment requirements.”

Shopify Bill Pay enables merchants to pay bills with their preferred method and allows them to choose how the vendor receives the payment separately via check, bank, or wire transfer. Merchants can pay their invoices for everything ranging from inventory and shipping to advertising in the US and abroad, as Melio supports payments to 100 countries.

Shruti Patel, Global Head of Merchant Services Partnerships and Monetization at Shopify, said, “Shopify is committed to making commerce better for everyone, which is why we teamed up with Melio to power Shopify Bill Pay and free up our merchant’s time and resources, so they can focus on growing their business.”

This partnership marks Melio’s first embedded finance offering with a commerce platform. The company’s innovative payments technology is designed to be embedded into partners’ platforms, creating a seamless payments experience that does not require customers to leave their preferred platform.

 

Previous Article

April 25, 2023

Finaro, MultiPay to offer unified payment acceptance in the Nordics & UK

Read More
Next Article

April 25, 2023

Wio Bank teams up with ADDED to boost growth of SMEs in the UAE

Read More








IBSi Daily News Analysis

March 22, 2024

Embedded Finance Offerings

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

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

GLN International & AUB to expand QR payment network to the Philippines

Read More

Today

SCAP and Zwipe partner to bring biometric access cards to France

Read More

Today

Payop partners with Tink to add Pay by Bank in Europe

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