Suite of additional payment options to increase supplier acceptance and boost profitability
ATLANTA–(BUSINESS WIRE)–#simplyconnectingpayments–ConnexPay, the world’s first all-in-one platform to manage PayIns and PayOuts, today announced the launch of ConnexPay Exclusives, a suite of payment capabilities designed to optimize payment outcomes, including supplier acceptance, while also lowering the total cost of payments.
ConnexPay Exclusives will initially include four payment capabilities rolled out in the first quarter of this year. The first component, available today, is ConnexPay’s Global Travel card — a flexible, negotiated-rate virtual card optimized to improve economics for travel companies around the world. The Global Travel card allows ConnexPay’s travel company clients to:
- Boost payment acceptance with reduced acceptance costs for suppliers
- Minimize or eliminate cross-border and FX fees
- Drive increased profitability by lowering costs and increasing revenue
- Strengthen relationships with suppliers in other geographies
Downtown Travel, a ConnexPay customer, finds immense value in the Global Travel card. Steven Borukhin, Chief Development Officer at Downtown Travel, said: “The ConnexPay Global Travel card has allowed us to eliminate cross-border and FX fees on international payments made to travel suppliers. This solution provides us with a higher rebate than we would otherwise receive when paying suppliers in other countries and also boosts supplier acceptance.”
The ConnexPay Global Travel card enhances the company’s existing virtual card issuing capabilities across the world. This offering, combined with ConnexPay’s unique ability to accept incoming customer payments (PayIns) and make real-time outgoing payments (PayOuts), cements ConnexPay’s status as the premier payments provider for travel companies around the world. ConnexPay Exclusives is specifically designed to support ConnexPay’s strategy of global expansion.
Bob Kaufman, Founder and CEO of ConnexPay, said, “We are proud to announce the launch of ConnexPay Exclusives, which demonstrates our continued commitment to solving the many global challenges around PayIns and PayOuts. The announcement of our first ConnexPay Exclusives offering — the Global Travel card — is a powerful option to help our travel clients grow their global business.”
ConnexPay is the first company to seamlessly combine both PayIns and PayOuts into a single platform with one contract and one reconciliation. The flexibility of this technology allows clients to manage all of their B2B payments needs, from taking in sales to paying suppliers, all in one flexible platform.
ConnexPay continues to focus on the travel and tourism space, but ConnexPay’s solutions are applicable across a broad spectrum of corporate payment use cases, including insurance and warranty claims, loyalty and rewards payouts, and media and advertising buys.
Founded in 2017, ConnexPay continues to innovate and improve end-to-end payments for clients across the globe. In 2023, ConnexPay earned the Travel Innovator of the Year award at Phocuswright and was named to the Inc 500 list of fastest-growing companies in America. Learn more at connexpay.com and follow us on LinkedIn.
Head of Marketing, ConnexPay