Corpay declares new collaboration with PracBiz

KUALA LUMPUR, June 21 (Bernama) -- Corpay, a FLEETCOR® brand and global leader in business payments, has announced new collaboration with PracBiz Pte Ltd (PracBiz), the owner and operator of the B2B Digital Supply Chain Platform, PracBiz Exchange (PBX).

“We’re incredibly excited about our new partnership with PracBiz. I am confident that companies that utilise the PBX platform will benefit from access to Corpay’s comprehensive cross-border payments and currency risk management solutions, along with our high-quality customer service,” said David Britten, Managing Director APAC, Corpay Cross-Border Solutions.

“Our team looks forward to helping businesses on the PBX platform power their global payments, execute plans to manage their currency risk and support their growth around the world.”

Meanwhile, Neo Teck Hoe, Founder and Group CEO of B2B fintech company PracBiz Pte Ltd said: “PracBiz’s collaboration with Corpay will allow our clients to manage their cross-border business more strategically.

“In addition to being able to execute their cross-border payments in a more cost effective and efficient manner through Corpay, our clients will also be able to leverage innovative solutions like Cross Border BNPL, made possible because of the rich data available on the PracBiz platform.”

Through this collaboration with PracBiz, over 4,000 B2B suppliers on the PBX platform located across APAC, will be able to gain access to and utilise Corpay’s innovative solutions to help mitigate foreign exchange exposure for their day-to-day business needs.

Additionally, Corpay’s award-winning trading platform will enable PBX members to manage their global payments from a single point of access, according to a statement.

As the largest commercial issuer of Mastercard in North America, Corpay handles over a billion transactions each year.

More details at www.corpay.com.

-- BERNAMA