Flywire Corporation [NASDAQ: FLYW] disclosed that it has inked a strategic partnership agreement with Quadient. As per the strategic partnership, both the firms will join forces to computerize and digitize business-to-business (B2B) payments all around the world. As a result of the partnership, the YayPay by Quadient will expand Flywire’s digital payment solutions to its global B2B clients.
The worldwide reach of YayPay and customer base has increased which caused a surge in the demand to deliver smooth cross-border payments. As per the collaboration, Flywire’s solution for B2Bwill inserts into the YayPay platform. Flywire’s solution integrates a next-gen payments platform, proprietary global payment network, and vertical-specific software.
Furthermore, the customers of Quadient are anticipated to take advantage of flexible and dynamic payments solutions that allow businesses to recognize and resolve payments in more than 240 countries and regions and in more than 140 currencies. Moreover, Flywire’s solution for B2B allows businesses to computerize their whole AR process, while also offering customers a contemporary payment experience.
Features of Flywire Solution
In addition, YayPay users can utilize Flywire when executing transactions worldwide and pay using direct debit or electronic banking. They gain from Flywire’s foreign exchange market (FX) management and currency exchange, computerized reconciliation, and local collection and settlement.
The Flywire solution has advantages like customized billing, settlement and understanding tools, flexible payment options, custom ERP integrations, and more. Hence, Flywire allows businesses to accomplish operational efficiencies and fulfill customer demand. Therefore, the strategic collaboration that brings two market-leading companies together, and Flywire’s incredible network and payment architecture was the apparent choice for YayPay as it continues to grow its worldwide reach.