Dublin-based global payments and money transfer firm CurrencyFair has launched a cross-border payments service solution for marketplaces, and signed a partnership with Chinese wholesale marketplace, Buy-World.

The partnership will create a full-service online trade network of 2.3 million global buyers, with global payment management outsourced to CurrencyFair in Dublin.

“Partnering with CurrencyFair to manage global payments allows us to offer a fully integrated service with major cost and efficiency benefits for our suppliers and buyers” said He Jui Feng, Buy-World chairman and CEO.