Global payment orchestration platform FinMont has announced a new partnership with Danish Payments Service Provider Inpay.
The new alliance will allow FinMont to incorporate Inpay’s global banking network into its own payments ecosystem, expanding Finmont’s global reach and speeding up cross-border disbursement times for the benefit of its international travel merchants.
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.
Since 2008, Inpay has helped financial institutions, corporates, NGOs and more move money across borders quickly, easily, and securely. Inpay’s smart technology, innovative products, robust compliance, and 200 in-house experts from 45+ countries solve even the most complex cross-border payments challenges with an industry-leading 99% payment success rate; processing over a million transactions a month.
The FinMont platform aims to revolutionise payments by connecting multiple banks and providers through one simple gateway. The partnership will give the payment orchestration platform’s network of international travel merchants access to this market-leading solution and allow them to utilise the global banking network’s solutions through the global ecosystem.
Suby Valluri, CEO of FinMont, commented, ‘We are delighted to announce this strategic partnership with Inpay and incorporate their leading service into our global ecosystem. The European fintech’s solutions offer our clients access to a global banking network that will truly benefit and strengthen our proposition.’
Steen Nielsen, CEO of Inpay, added, “When it comes to payments, the airline and travel industry comes with a set of uniquely complex challenges that FinMont have proven their ability to solve at scale. It’s within such complex ecosystems that our own cross-border solutions hold real value, which for us, makes this partnership truly exciting - as we help FinMont expand its global payments offering yet further.’’