Moneycorp's Foreign Exchange offerings join PXP's diverse solution range.
In a significant move to support globally ambitious businesses, PXP and Moneycorp have joined forces to create a powerful partnership. This collaboration brings together PXP's robust infrastructure with Moneycorp's four decades of foreign exchange (FX) expertise 15.
The partnership offers numerous benefits to businesses managing cross-border operations and international payments. Real-time FX execution allows businesses to seize optimal exchange rates promptly, while broad currency coverage (130+ currencies) across almost 200 markets supports diverse global payment needs 2.
Moreover, smarter treasury tools streamline and centralize FX and payment management, improving operational efficiency. Enhanced control and transparency over cross-border transactions help businesses grow internationally by simplifying and speeding up payments 1.
Alex Apergis, CRO at PXP, emphasised the importance of this partnership, stating that it is crucial for building a connected commerce ecosystem and addressing traditional barriers to international expansion. James Absolon, Managing Director - Corporate & Institutional Client Sales for Moneycorp, expressed pride in being appointed as PXP's key partner for FX solutions and international payments 6.
PXP customers now have access to competitive rates and advanced currency management tools within the same ecosystem they trust. The partnership integrates Moneycorp's foreign exchange capabilities into PXP's platform, offering foreign exchange solutions alongside existing omnichannel orchestration gateway, card acceptance, and in-store offerings 3.
The partnership aims to simplify and make international payments smarter. PXP is evolving beyond payments to build a comprehensive commerce ecosystem. With more than €30 billion processed annually, this partnership adds another layer of versatility and value to PXP's offerings 7.
The integration includes centralised treasury tools for optimising operations and forecasting cash flow more accurately. PXP clients will benefit from direct access to Moneycorp's dedicated team, proactive market insights, and tailored treasury solutions, enabling effective management of currency risk and accelerating cross-border growth 8.
The partnership deepens PXP's value proposition for global merchants, helping them navigate FX more strategically and enabling truly borderless commerce. This collaboration marks a next step towards PXP's vision of making business simpler, better, and more connected through its unified next-gen platform 9.
The benefits of this partnership extend to businesses of all sizes, including SMEs and multinational corporations. With the integration offering real-time FX functionality and cost-efficient access to 130+ currencies in nearly 200 markets, this partnership is set to revolutionise cross-border commerce 10.
In conclusion, the partnership between PXP and Moneycorp simplifies and accelerates cross-border commerce payments, enabling businesses to manage international payments with improved speed, reliability, and cost-effectiveness. This partnership is a significant step forward in PXP's mission to build a comprehensive commerce ecosystem and is a testament to its commitment to making business simpler, better, and more connected.
By combining PXP's robust commerce infrastructure with Moneycorp's 4-decade expertise in foreign exchange, this strategic partnership embarks on a mission to simplify cross-border commerce. The collaboration leverages data analytics in finance and technology to optimize operations, enhance currency management, and provide advanced treasury tools for businesses globally.
