Quadient partners with Flywire to digitise global B2B payments

Monday 25 October 2021 09:29 CET | News

France-based Quadient, and Flywire have announced a new strategic collaboration to automate and digitise business-to-business (B2B) payments globally.

As a result of the partnership, Quadient’s cloud-based accounts receivable (AR) management and automation solution, YayPay by Quadient, will extend Flywire’s digital payment solutions to its global B2B clients.

As YayPay’s international footprint and customer base has grown, the need to provide cross-border payments has increased. Flywire’s solution for B2B, which combines a payments platform, proprietary global payment network and vertical-specific software, will embed into the YayPay platform. In turn, Quadient’s customers are expected to benefit from new payments solutions that allow businesses to accept and settle payments in more than 240 countries and territories and in more than 140 currencies. 

YayPay users can use Flywire when transacting internationally and to pay using direct debit or electronic banking. They can use Flywire’s foreign exchange market (FX) management and currency exchange, automated reconciliation, and local collection and settlement. Flywire also brings transparency for YayPay users, who can track when payments are coming in. For Flywire, the collaboration broadens the company’s reach into the B2B segment of the AR market.

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Keywords: partnership, B2B payments, digitalisation, cloud services, accounts receivable
Categories: Payments & Commerce
Countries: World
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