Global Rewards taps Galileo Financial Technologies for B2B payments
Regional and global level partnerships are fueling international expansion for commercial payments companies who rather than setting up their own payments infrastructure are relying on existing rails.
This week, Galileo Financial Technologies has announced that New Jersey headquartered payments technology firm Global Rewards would be using its cloud-based technology platform and APIs.
Global Rewards in the press release noted that it is using Galileo’s processing platform for its open APIs and “flexibility, scalability and reliability” for its commercial Mastercard products which are issued by The Bancorp Bank.
“Digital B2B payments are rapidly transforming businesses in many ways,” said Galileo CEO Derek White.
This month, in North America, Paya launched a payments platform for government entities and partners with Transcard to expand B2B offerings.
“Just as the pandemic fueled an accelerated shift of consumers embracing more digital payments, COVID-19 has helped businesses see the necessity of reducing manual, paper-based processes in favour of digital solutions that save time and money”, the press note stated.
Globally this year in B2B payments partnership, Modulr formed a partnership with Ripple for payments in Europe while Nium and Finci announced a partnership for international payments.
Global Rewards is a corporate disbursement and employee spend platform which allows business clients to use automation and digital payments to have insight and control over their finances. The company works in B2B payment solutions with virtual and physical card issuance, helping its clients with cash flow needs.
While Galileo Financial Technologies provides companies with payment API platforms to create customized financial solutions.
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