Enterprise Savings, Simplified

“According to a recent Mckinsey report on Global Cross border payments ,” International payments have long served as the engine enabling cross-border trade and investment, and have been instrumental in the emergence of today’s global economy” Although cross-border flows represent only one-sixth of total transaction values, international payments revenues total up to $200 billion globally(mainly to Banks), split roughly evenly between transaction fees and foreign exchange (FX) revenues.

There are many platforms also allow to process cross-border payments, but there is no services aggregator in the market, Fairexpay brings together multiple Cross border payment provider companies like  TransferWise, XE, VEEM, Cambridge, AFEX to showcase the best Fx rate and enable transactions on its platform.

Fairexpay gets the best Fx rates for the customer and help businesses save between 3% to 7% of the total amount. A recent exercise Fairexpay did with one of their prospects they estimated to save $300,000 USD for a transaction of $10m USD between the US office and their subsidiaries.  Another positive point for Fairexpay is the ability to integrate with any ERP out there.  Fairexpay has the benefits of savings, security, transparency and choice for Cross border payments customers. Fairexpay’s products are a web app and an API which can integrate with any financial application, its customer onboarding is simple, user friendly application along with a nice dashboard with features like Bidding, real time Fx rates and comparison.

Fairexpay’s Industry agnostic solution is helping businesses save money and improve efficiencies in treasury processes, its Integration with ERP’s is a value add to customers. Fairexpay has been designed and developed by Experienced professionals. Check fairexpay.com

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