Monneo and Kantox form a partnership for cross-border payments
UK based corporate account provider, Monneo has announced its partnership with UK currency management software provider, Kantox. Under this partnership, Monneo clients will have a platform to manage their outgoing payments.
As stated, Kantox provides businesses to automate and simplify their end-to-end FX workflow which allows them to be ‘protected from risk and helping to increase their competitiveness’.
Monneo clients would be able to ‘perform immediate foreign exchange transfers across different forms of currency, while removing FX risk’ and can make payments in more than 130 different currencies in addition to having the ability to choose and connect to eleven banks in the network.
Last year, Verto teamed up with Banking Circle for cross-border payment services while Nium partnered with QBC for cross-border payments.
Monneo offers its eCommerce clients end-to-end solutions and clients can use the company’s solution to process online payments and receive settlements along with having control over multiple IBAN accounts under a single platform.
As per the company’s website, Kantox Limited is registered in England and Wales and is authorized by the Financial Conduct Authority as a Payment Institution under the Payment Services Regulations 2017.
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