PXP Financial, Mastercard and Payall work together to remove the pain of cross-border payments

PXP Financial, an expert in procurement and payment processing services, has today announced a new partnership with global technology company Mastercard and payment infrastructure provider Payall, to deliver secure, compliant and efficient cross-border payments and international money transfers.

This collaboration offers inclusive payment options that allow PXP Financial’s customers to send funds to their partners, employees and suppliers safely, efficiently and more conveniently than ever. This includes inclusive payment options for recipients regardless of whether they have a bank or not. The next step for PXP Financial is to work with Payall to open up new destinations and new payment channels, including sending to mobile wallets, cash pickup locations and paying directly to cards.

PXP Financial began working with Payall in mid-2022, having chosen Payall for its focus on payment compliance and security, as well as its cutting-edge fintech-level experience for end users. Payall offers financial institutions worldwide a new paradigm for offering cross-border payments with the first capabilities that transform international money movement.

Mastercard gives people and businesses a safe and convenient way to send money to bank accounts, mobile wallets, cards and cash withdrawal locations around the world. Mastercard Cross-Border Services reaches more than 100 markets and 90% of the world’s population.

Commenting on the announcement, Kamran Hedjri, CEO of PXP Financial, said: “We are delighted to be working with Payall and Mastercard to facilitate cross-border payments, which have traditionally been slow, cumbersome and risky for both payers and financial institutions. By leveraging Payall’s proprietary compliance technology and Mastercard’s innovative global funds movement, we are now able to offer our customers fast, secure and easy access to international payments.”

Gary Palmer, CEO of Payall, added: “Focused on international funds transfer compliance, process automation and payment orchestration, we deliver turnkey technology and drive new paradigms that eliminate the inefficiencies and address the complexities of cross-border payments. We are pleased to support PXP Financial to deliver better than fintech services to its clients making international payments.”

Rasika Raina, SVP, Mastercard Cross-Border Services, said: “Whether you’re sending money home to families or working with global suppliers, the need for fast, reliable and transparent payments has never been more critical. Through programs like this, we make cross-border payments safe, fast and easy for everyone.”