The global transactions service provider has partnered up with Valitor, an e-commerce payment solutions company, in order to expand their payment processes.
Valitor operates internationally and offers a range of payment services to a range of merchants. The company’s partnership with Saxo will allow it to consolidate its global footprint by being able to allow instant cross-border payment facilities, which are made possible by it becoming a member of Saxo Payments Banking Marketplace.
“By joining the Saxo Payments Banking Marketplace we can also reduce the amount of extra time and money which is inevitably spent when working with multiple service providers. Now we can manage all the cross border payments for our merchant clients from one unique solution,” said Vidar Thorkelsson, Chief Executive Officer at Valitor.
The partnership is the fourth contract that Saxo Payments has managed to secure in the past month. Last week it signed an agreement with online payment processor and global merchant services solutions provider, Allied Wallet that should see the former increase its market growth.
“Valitor’s international client base demands a low cost payments platform that minimises risk and maximises convenience and flexibility. The Saxo Payments Banking Marketplace will enable Valitor to offer access to fast, effective global transfers that support business growth, while minimising risk,” added Anders la Cour, Chief Executive Officer for Saxo Payments.
Using Ripple's enterprise blockchain solutions, Standard Chartered has completed its first real-time cross-border payment for businesses with another major correspondent bank.
Digital payments giant ACI Worldwide is teaming up with VocaLink for real-time payments infrastructure.
Fresh from its $4.5bn IPO, Nordic payments processor Nets has picked Spire as its partner to help with the physical roll out of mobile payments for Dankort customers.
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.