ConnexPay, the world’s first all-in-one platform to manage PayIns and PayOuts, announced the launch of ConnexPay Exclusives, a suite of payment capabilities designed to optimize payment outcomes, including supplier acceptance, while also lowering the total cost of payments.
ConnexPay Exclusives will initially include four payment capabilities rolled out in the first quarter of this year. The first component, available today, is ConnexPay’s Global Travel card — a flexible, negotiated-rate virtual card optimized to improve economics for travel companies around the world. The Global Travel card allows ConnexPay’s travel company clients to:
- Boost payment acceptance with reduced acceptance costs for suppliers
- Minimize or eliminate cross-border and FX fees
- Drive increased profitability by lowering costs and increasing revenue
- Strengthen relationships with suppliers in other geographies
Downtown Travel, a ConnexPay customer, finds immense value in the Global Travel card. Steven Borukhin, Chief Development Officer at Downtown Travel, said: “The ConnexPay Global Travel card has allowed us to eliminate cross-border and FX fees on international payments made to travel suppliers. This solution provides us with a higher rebate than we would otherwise receive when paying suppliers in other countries and also boosts supplier acceptance.”
The ConnexPay Global Travel card enhances the company’s existing virtual card issuing capabilities across the world. This offering, combined with ConnexPay’s unique ability to accept incoming customer payments (PayIns) and make real-time outgoing payments (PayOuts), cements ConnexPay’s status as the premier payments provider for travel companies around the world. ConnexPay Exclusives is specifically designed to support ConnexPay’s strategy of global expansion.
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