UAE-based fintech Unimoni has partnered with Canada-based payment service provider Buckzy Payments to make international payments more reliable across the globe.
Unimoni company officials stated that the primary reason for the collaboration was to gain access to the USD market, facilitating its portfolio expansion. Buckzy Payments also opened Unimoni’s cross-border payments in Oman.
Unimoni provides a variety of financial solutions and services via multiple customer touchpoints, including retail stores, online and mobile solutions, and self-service kiosks, making money a seamless movement across geographies, currencies, and channels. The single point connectivity offering that Buckzy provides allows the company to deliver real-time remittance and other cross-border real-time payment solutions.
According to the press release, the increased international mobility of goods and services, capital, and people over the past few decades has contributed to the growth of cross-border payments. Cross-border payments are forecast to reach over USD 250 trillion by 2027, an increase of more than USD 100 trillion in just 10 years, from almost USD 150 trillion in 2017.
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