Fleetcor brand, Corpay recently partnered with PracBiz, the Singapore company credited with operating the B2B Digital Supply Chain Platform, PracBiz Exchange, a press release reported.
“We’re incredibly excited about our new partnership with PracBiz. I am confident that companies that utilize the PBX platform will benefit from access to Corpay’s comprehensive cross-border payments and currency risk management solutions, along with our high-quality customer service,” managing director APAC, Corpay Cross-Border Solutions, David Britten, said in the release. “Our team looks forward to helping businesses on the PBX platform power their global payments, execute plans to manage their currency risk and support their growth around the world.”
The business payment transaction company’s collaboration with the Asian company will grant over 4,000 B2B suppliers access to Corpay’s offerings. The platform promises to “help mitigate foreign exchange exposure for their day-to-day business needs” through a single point of access.
“PracBiz’s collaboration with Corpay will allow our clients to manage their cross-border business more strategically. In addition to being able to execute their cross-border payments in a more cost effective and efficient manner through Corpay, our clients will also be able to leverage innovative solutions like Cross Border BNPL, made possible because of the rich data available on the PracBiz platform,” said Neo Teck Hoe, founder and Group CEO of B2B fintech company PracBiz Pte Ltd.