ConnexPay has extended its operations to Canada, granting its residents the ability to issue virtual card payments in Canadian currency (CAD).
“We’re excited to offer our clients the ability to issue virtual cards in local currency to Canadian suppliers,” said Robert Kaufman, founder and CEO of ConnexPay. “This enhancement to our platform allows clients to eliminate cross-border and foreign transaction fees between the U.S. and Canada.”
Similar to the transactions made in the U.S, no additional fees will be charged to issue the virtual card payments in Canada, a recent press release stated. The payment provider with ties to various travel, marketplace and commerce companies will also offer a rebate for virtual card transactions.
The company has also taken on the development of proprietary technology capable of making automatic payment routing actions in an effort to keep control over transactions in the hands of clients, often resulting in a significant revenue increase.
“We listen to our clients, and we understand the ever-growing need to issue virtual payments in markets outside the U.S.,” Kaufman said. “In fact, our entry into the European market is launching later this year.”