Ant Group Brings Alipay+ Unified Payments for Cross-Border Payments

Ant Group a China-based internet publishing company aims to build the platform and infrastructure to empower the digital transformation of the service industry. It strives to allow small businesses and consumers to have equal access to financial and other services that are green and sustainable.

Ant Group announced launching Alipay+ Unified Payment. Alipay is an existing product, and the upgraded version has been brought as a scalable and unified technical solution for online and conventional vendors to gather money via all sorts of digital payment methods.

Cheng Guoming, General Manager of Alipay+ Global Partnership, Ant Group, stated, “We’re excited to launch Alipay+ Unified Payment, a one-stop solution integrating a wide range of digital payment methods. This upgrade helps merchants handle digital payments more conveniently and seamlessly, and greatly improves their operating efficiency. We are dedicated to leveraging our innovative products and technologies to better serve merchants around the world and facilitating even more cross-border business activities as the global economy recovers from the pandemic.”

Alipay+ enables SMEs to serve their customers in a better way globally with its wide range of borderless digital payments and marketing solutions. Also, vendors can directly connect to more than one billion customers enabling them to easier payments with Alipay’s upgraded version. 

Customers will be able to see the Alipay+ option once vendors integrate to Alipay+ Unified Payment when they make payments on their cashier pages. Users who pay with Alipay+ will be presented with a list of digital payment options that Alipay+ supports based on their country and payment preferences. After that, users can pay with their selected digital payment option. Vendors can use a universal QR code scheme and scan-to-pay services to integrate Alipay+ Unified Payment, which can take all digital payment methods supported by Alipay+.

Read: Western Union and PagaPhone to Collaborate for Cross-Border Payments

Trade Ledger Empowers Virgin Money with LaaS Solution

Trade Ledger (TL) a London based FinTech that aims at accelerating and transforming business finance, particularly mid-market lending and SME with the combination of technology and insights and allows them to expand their business and generate revenue.

The fintech company unveiled it has landed into a three-year contract with Virgin Money to help excel its capabilities of business lending. The collaboration intends to minimize loan applications process timing from 5 days to 20 minutes and sparing enough time to relationship manager reinvest with consumers.

Graeme Sands, Head of Business Lending and Products, Virgin Money, expounded, “Virgin Money is focused on creating digital customer experiences that offer speed, simplicity and efficiency. Trade Ledger enables us to achieve that through its ability to aggregate application, accounting and business credit data, allowing us to deliver significant improvements in the speed of application processing while continuing to effectively manage risk. Importantly, the efficiencies the Trade Ledger platform will deliver also mean that our relationship managers will be able to focus more on supporting customers where it’s most needed, rather than being involved in time-consuming manual processes.”

Virgin Money a UK-based bank provides extensive personal and business banking offerings. It works with a digital-first approach that renders prominent online and mobile services. It serves world-class banking experience to its consumers in mortgage and other banking services.

Roger Vincent, Global VP, Sales, Trade Ledger, included, “Our goal is to give digital-first banks like Virgin Money the ability to reimagine working capital for the digital economy. Our platform will help Virgin Money offer the right product to customers in an efficient process that reflects the critical nature of business lending.”

Trade Ledger serves commercial banks financial service providers with its lending-as-a-service (LaaS) solution that helps them access all sorts of business lending products and capital. Virgin Money will be able to offer more efficient service in less time using the platform of TL.

Read: Uplinq and Ranqx Collaborated for SMBs Digital Lending

Paysend Launches Paysend Business to Help SMEs Grow

Paysend a global fintech company allows consumers and firms across the globe to pay, hold and send money online in any currency, anywhere and anyhow. Headquartered in the UK and established in 2017, it aims at changing how money is moved around the globe. It is the first payment disruptor to bring global card-to-card transfer.

Paysend has launched Paysend Business, its new product that would help SMEs (small and medium-sized enterprises) grow financially and the product will serve as a complete payments platform and tools to achieve their financial objectives.

Paysend Business to enable the fintech firm to become a digital payments leader in the world and will empower SMEs with more opportunities to expand their consumer reach, hold and receive payments through multiple payment gateways and numerous currencies.

Key Benefits of Paysend Business for SMEs-

  • Online payment acceptance from all leading credit and debit cards that include Visa and Mastercard.
  • Payment acceptance can be done in 38 currencies globally that comprise Google Pay and Apple Pay as well.
  • The service can be accessed in more than 190 countries at any point in time. 

Ashley Mallett, Head of Business, Paysend, commented, “Businesses are looking for more efficient and secure ways of processing payments and managing their wider financial needs. We are addressing this gap by providing a one-stop-shop online financial ecosystem that can offer SMEs fully integrated, affordable and time-efficient financial services. With the benefit of faster settlement speeds, quicker transfers and clear pricing through Paysend’s new business offering, SMEs can become more confident, nimble and efficient in their operations, allowing them to focus on serving their customer needs and developing their offerings instead of operational headaches.”

Paysend Business offers an affordable fee structure and a personal account manager that will resolve the issues of SMEs, if any, in real-time. Small and mediums enterprises will also offer a smooth checkout experience to their consumers via plugin integrations with e-com platforms like Woocommerce. 

Read: Worldline and Algoan Alliance to Bring Credit Assessment Tool