Float and Airwallex Partner on Bill Pay for Canadian Companies
Summary
The new product enables fast and cost-efficient bill payments for both domestic and overseas transactions and includes bank transfers, EFT, wire and ACH, the companies said in a Thursday (July 25) press release. “By leveraging Airwallex’s global financial infrastructure, we can deliver a seamless and affordable bill payment experience to our customers — enabling them to scale, unlock their potential and grow our economy,” Rob Khazzam, CEO and co-founder of Float, said in the release. The addition of Airwallex-powered bill pay expands Float’s payment solutions for Canadian businesses, which also include smart corporate cards, intelligent spend management software and reimbursements, according to the release. With the new bill pay solution, they can eliminate manual accounts payable (AP) processes, increase visibilityand control over invoices, and minimize foreign exchange (FX) fees, per the release. “Canadian consumers, SMBs, enterprises and the economy at large stand to benefit from more integrated financial services,” Ravi Adusumilli, executive general manager, Americas at Airwallex, said in the release.
