Monoova merges with Moneytech to augment international payments

Thursday 7 July 2022 09:45 CET | News

Australia-based Monoova has merged with Moneytech to enable businesses to consolidate domestic and international payment processes.

The businesses merged under the Monoova brand will be placed to fulfil their mission of automating and streamlining payment processes, with clients able to access a toolkit for domestic and global payment flows through a single API gateway.

Monoova’s representatives explained that with their new platform, clients can automate the receipt, payment, and management of domestic and cross-border funds, reducing costs and resource requirements, and allowing teams to focus on growth and innovation.

The business aims to reduce the processing time for cross-border transactions involving G10 currencies, the Australian dollar, the Canadian dollar, the Euro, the Japanese yen, the New Zealand dollar, Norwegian krone, Pound sterling, Swedish krona, Swiss franc, and the United States dollar, from up to three working days to near real-time.

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Keywords: merger, cross-border payments, API, payment gateway, payment processing
Categories: Payments & Commerce
Companies: Moneytech, Monoova
Countries: World
This article is part of category

Payments & Commerce




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