Chimoney, a Toronto-based global payment solutions provider, has forged a strategic collaboration with Corpay2, a part of FLEETCOR and a global leader in business payments. This collaboration aims to create unparalleled financial inclusion and economic empowerment, revolutionizing the domain of cross-border transactions and global payouts.
The essence of this collaboration lies in integrating Corpay’s innovative solutions with Chimoney’s services. This integration will enhance Chimoney’s capabilities, enabling more extensive cash-out options to bank accounts in additional countries. This move complements Chimoney’s existing services of cash-outs to bank accounts, mobile money, airtime, and gift cards.
Chimoney is renowned for its innovative approach in the FinTech sector, offering global payout solutions with a vision of connecting different payment networks, currencies, and rails globally. Corpay, on the other hand, is a leader in business payments, known for its cross-border payment solutions and currency risk management.
This partnership allows Chimoney’s customers to access and utilize Corpay’s cutting-edge solutions, which will help Chimoney mitigate foreign exchange exposure risk. Corpay’s award-winning trading platform will enable Chimoney’s customers to access payouts in more countries and currencies, making global transactions more seamless.
Frank Mannarino, vice president and head of Channels and alliances, at Corpay Cross-Border Solutions, said, “Corpay is very pleased to announce our commercial partnership with Chimoney. I have no doubt that Chimoney’s customer base can benefit greatly from our specialized service and access to our comprehensive cross-border payments and currency risk management solutions.
“The team at Corpay is excited to build long-term business partnerships with customers and power their international payments, help them execute their plans to manage their currency risk, and support their growth internationally.”
Uchi Uchibeke, founder and CEO of Chimoney, added, “As Chimoney’s mission has always been to unlock economic opportunities globally, this collaboration with Corpay amplifies our vision of creating seamless access to more payout options and countries. With Corpay’s expertise and platform, we are poised to offer our customers access to a more expansive and efficient payout ecosystem. This is not just a partnership; it’s a synergy where innovation meets scale. For businesses and partners, it’s clear: Chimoney is setting new standards in fintech, constantly pushing boundaries, and striving for excellence.”
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