MODIFI partners with DP World to digitise business payments

By Gloria Methri

MODIFI, the global commerce platform for Business Payments and Trade Management, has expanded its relationship with DP World by offering API integration for transaction operations.

DP World, which specialises in logistics and smart supply chain services, has a portfolio of 148 business units in over 60 countries across six continents. The global leader in container terminal operations manages 93 million TEU of capacity. The API-integrated solution will help exporters and importers with a highly scalable and seamless payment experience.

Sinan Ozcan, Senior Executive Officer of DP World Financial Services, said, “This integration will help us share client and transaction data with MODIFI on a real-time basis to reduce the time it takes in onboarding, credit approval, and financing transactions and ultimately provide the much-needed working capital at the right time to our clients. Digitisation will transform the trade and logistics industry by reducing bottlenecks, providing greater visibility of cargo in the supply chain, and creating new efficiencies”.

Earlier this year, MODIFI announced a strategic partnership with DP World Trade Finance to facilitate rapid and seamless access to working capital for emerging-market small and medium-sized enterprises.

Nelson Holzner, CEO of MODIFI said, “To strengthen our partnership with DP World Trade Finance and provide SMEs with easy access to finance, our API-integrated platform will help them manage multiple operations in one place. With COVID-19 propelling digitization, our mission is to enable SMEs across the world to have simplified transactions and operations which are cost-effective and time-efficient.”

Jan Wehrs, CTO of MODIFI added, “Offering our services via API on our partners’ platforms enables customers to use MODIFI right where they usually do business. The customer will stay on the partner’s platform all the time, thus saving time and effort through an integrated approach as well as benefiting from a seamless experience.”