HONG KONG, June 28, 2022 /PRNewswire/ — Currencythe hong kong-, a headquartered cross-border payments company, today announced its official participation in Amazon’s Payment Service Provider (PSP) program. Through this program, Amazon sellers around the world can now choose to use Currenxie to collect revenue from their sales and make payments to their suppliers anywhere, anytime, at no additional cost.
The COVID-19 pandemic has fundamentally changed the e-commerce landscape. Consumer adoption of digital products and services, as well as online shopping, has exploded, leading to an increase in online sellers jumping to meet demand. The PSP program is part of Amazon’s ongoing efforts to be the world’s safest and most trusted store for customers and sellers. Participating PSPs must implement appropriate risk and compliance controls and work with Amazon to reduce the risk of fraud and abuse.
Amazon Marketplace sellers now have the option to select Currenxie as their chosen global payment provider to receive proceeds from their sales and gain access to one of the largest virtual account networks in the world. Using Currenxie’s Global Account® to transact means e-commerce sellers can take advantage of a virtual multi-currency account with over 18 currencies, which they can then use to send and receive payments locally with more from 40 countries, without any correspondent bank fees.
Riccardo Capelvenere, Founder and CEO of Currenxie, said, “We are very excited to become a member of Amazon’s PSP program. The program is designed to only accept the safest and most secure cross-border payment companies in the world, those committed to helping sellers around the world have the freedom to pay and get paid anywhere. We will continue to deliver high quality service to our customers on a daily basis by leveraging the strength of our global payment infrastructure that we have built.
Alongside Amazon, Currenxie’s platform also connects to other e-commerce marketplaces such as Shopify, Etsy, and eBay, as well as payment gateway providers such as Stripe, Alipay, and PayPal. The business is successful $10 million Series A funding round in August 2021 enabled Currenxie to accelerate its vision of empowering businesses to access global commerce and was followed by the launch of its Visa card in November 2021 for hong kongbased customers.
Amazon’s Payment Service Provider program is designed to improve its ability to detect, prevent and take action against malicious actors so that Amazon and participating PSPs can continue to protect customers and sellers from fraud and abuses. Please see Amazon’s PSPP Policy help page for important details here), and the FAQ page here for important dates.
Founded in hong kong in 2014, Currenxie’s cross-border payments and business account solutions offer businesses of all sizes a seamless online alternative to traditional banking, removing the financial barriers that prevent them from expanding their operations on the global stage. Currenxie has built one of the largest virtual account networks in the B2B fintech space, spanning 10 jurisdictions, 40 countries, and 18 currencies. The Currenxie Global Account® platform – the company’s primary cloud-based banking system – allows funds to flow freely across its banking network, in real time, without costly cross-border fees. Access global trade with us: www.currenxie.com