Global payment orchestration platform, FinMont, has announced a new partnership with leading digital payment provider Pax2pay. The new partnership will allow FinMont’s travel merchants to unlock access to Pax2pay’s cutting-edge B2B virtual card payment solution throughout Europe.
The founders of German airline, Hahn Air, launched FinMont to offer the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also B2B payments. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes. The firm’s mission is to help travel merchants use payments as a strategic tool to stand out from competitors.
Pax2pay is a leading provider of B2B payment solutions for the travel industry. The business supplies OTAs, airlines, hotels and more with a full suite of payment methods including virtual card issuing, bank transfers, account creation and accounts payable technology so that they can unlock extra revenue, boost acceptance, streamline reconciliation and enhance security on every payment they make. Pax2pay’s digital payments solution is a game-changer for the travel industry, enabling businesses to take the pain out of their payments by giving them increased financial control, efficient processes, transparency over payments, streamlined operations, the ability to build trust with suppliers and ensure seamless financial management.
The FinMont platform aims to revolutionise payments by seamlessly connecting multiple banks and providers through one simple gateway. The partnership with Pax2pay will allow the global payment platform to distribute the market-leading virtual cards solution to European merchants, helping to expand and improve the FinMont payment ecosystem.
Suby Valluri, CEO of FinMont, commented, “The team at FinMont are delighted to announce our partnership with Pax2pay and to incorporate their leading virtual cards into our platform. This partnership will strengthen and expand the FinMont proposition in Europe and allow us to offer our clients all the benefits this cutting-edge solution provides.
As part of our global strategy, we will integrate with leading banks, payment, fraud and other providers to offer a truly unique solution to the travel industry.”
Chief Sales Officer of Pax2pay, Tony Hart added, “We are thrilled to partner with FinMont which has pioneered a one-of-a-kind, holistic payment solution uniquely designed to address the challenges and needs of the travel industry. Together we will allow FinMont’s European clients to utilise all the benefits of our market-leading digital payment offering and help improve their B2B payments solutions.”
