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Optal to acquire B2B payments business Invapay

Tuesday 7 March 2017 | 01:12 PM CET

Optal , the global business-to-business payment solutions provider, has announced the acquisition of payments company Invapay, in a deal which will expand Optal\'s functionalities in the global corporate payments space.

Invapay enables corporate buyers to use credit cards to pay suppliers who historically have not accepted card payments. Invapay's technology platform integrates with the buyer's existing enterprise resource planning systems (ERP) through a simple plug and play payment API. Once integrated, the solution delivers automated payment solution, with suppliers paid via EFT, eliminating the need to sign up to a merchant facility to receive payments by credit card.

The Invapay solution enables corporate buyers to obtain the extended payment terms of traditional card payments, while effecting automated payments to non-card accepting suppliers, in any location across the world and in any currency.

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