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CORPAY, a global leader in business payments, and Triterras Inc, a global financial technology (fintech) company and leading innovator of inclusive finance solutions for the world’s micro, small and medium enterprises (MSME), have announced a tie-up between Corpay’s Cross-Border business and Triterras Inc.
Through this collaboration, both Triterras and its Kratos platform members can gain access to and utilise Corpay’s innovative solutions to help mitigate foreign exchange exposure for their day-to-day business needs.
Additionally, Corpay Cross-Border’s award-winning platform will enable both Triterras and Kratos members to manage their global payments from a single point of access, Bernama reports.
Clients who choose Corpay for their global payments and foreign currency exchange transactions will undergo Corpay Cross-Borders’s onboarding process, which includes but is not limited to due diligence checks and know-your-client procedures.
“We’re very excited to onboard Triterras as a new customer, as well as our new partner,” says David Britten, managing director for Asia-Pacific (Apac), Corpay Cross-Border in a statement.
“I am confident that both Triterras and Kratos platform members looking to better streamline their payments processes and effectively manage their forex exposure will benefit from access to our comprehensive cross-border payments and currency risk management solutions.
“Our team in Apac looks forward to helping these enterprises power their cross-border payments, execute plans to manage their currency risk and support their aspirations to grow their businesses globally.”
Srinivas Koneru, founder and CEO of Triterras says: “We’re always looking for ways to fortify our Kratos platform to potentially save our clients time and money. “Corpay offers Kratos members – as well as Triterras – world-class payments and foreign exchange hedging solutions that give MSMEs a competitive edge and keep their businesses safe. We’re glad to have a relationship and collaborate with Corpay to help MSMEs run smarter across their daily trading operations.”