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Qolo, the B2B payments hub for the New Economy, and leading foreign exchange and international payments provider moneycorp, today announced the delivery of an integrated foreign exchange payment solution. Global businesses, importers and exporters, online sellers and multi-currency card programs can now access a lower cost, automated payment solution with same-to-same currency settlement.
Imagine everyday being payday. For employees, no more waiting for the two-week pay cycle to complete; the freedom of deciding when you get paid. For employers, the ability to reduce workplace turnover while providing an essential service.Wouldn’t that be nice? The good news is, an on-demand payments solution is already here and ready for those businesses who want to access it, with significant benefits for employers and employees alike. So, what’s the hold up?
Consumers and Companies Can Now Realize Gift Card Fulfillment Instantaneously as well as Customize the Card and Carrier
While a business seeking payments and business management services could piece together what it needs from a few different providers, it's increasingly easier to find fintechs and startups demonstrating how all services can funnel through one platform.
B2B payments hub Qolo has introduced a new all-in-one payment solution, aiming to address issues with speed, security and costs for B2B payments, a press release says.
Despite making major strides in functionality, legacy payment rails like ACH still come with their challenges — especially when facilitating B2B payments.Innovators have turned their attention and energy toward mitigating those points of friction, either though solutions that sit on top of existing payment rails, or through building entirely new infrastructure from the ground up.
Launching a new firm in the face of this global crisis takes fortitude. Timing couldn’t be worse. Or could it? Demand for different types of digital payments is ramping. That’s the space Qolo plays in. A bit like Marqeta, a bit like Fiserv, the company was launched by a team with a lot of payments industry experience to be a next-generation B2B payments hub and an all-in-one payments solution.
In the past, we’ve been attached at the hip to our method of payment. Whether it was a satchel of gold coins, a wallet of cash, or a card in a sleeve, commerce and trade have always been conducted with the need for contact.
The news is bad, to put it mildly. Coronavirus is impacting nearly every facet of life around the world: cities on lockdown, shuttered schools, wild gyrations in financial markets. In the U.S., we’re only beginning to see the human toll as infection rates rise rapidly.
The act of exchanging money for goods and services has been around for thousands of years, but only in the past few decades has it morphed into a complicated web of currencies and payment platforms.