Shoplazza Adds PayerMax Solutions to Platform

By Team Pune Media On Oct 15, 2022 111

Singapore-based global payments solution PayerMax and Canada-based global eCommerce platform Shoplazza have reportedly partnered to provide Shoplazza merchants with payment collection processes and other FinTech services.

With this partnership, PayerMax’s collection, disbursement and unified fund management solutions will be integrated into Shoplazza’s software-as-a-service (SaaS) eCommerce platform, Zawya reported Wednesday (Oct. 12).

These solutions will help merchants collect payments from unbanked buyers in emerging markets, deal with regulatory challenges and manage market risk, according to the report.

“Through global cross-border payment collection, multi-account management, fund management and other compliant and reliable solutions, the partnership between PayerMax and Shoplazza will help global merchants and resolve the downsides of providing multi payment gateways while still offering shoppers flexible and [localized] payment methods,” the report stated.

PayerMax’s payment solutions cover 350 payment methods, 40 currencies and 50 countries, including ones in Southeast Asia, the Middle East, Latin America and Europe, according to the report.

Shoplazza’s platform aids in the creation of direct-to-consumer (DTC) brands and both B2B and B2C eCommerce businesses and is used by 360,000 merchants that serve customers from 150 markets, per the report.

“This partnership will allow Shoplazza merchants and their shoppers to enjoy a smooth, efficient and secure payment experience, and provide the support they need in an uncertain global trade landscape,” the report said.

PYMNTS has reached out to PayerMax and Shoplazza for comment.

This news follows Shoplazza’s announcements of two other partnerships.

The firm announced Aug. 23 that it has teamed up with buy now, pay later (BNPL) company Klarna to offer new payment options to Shoplazza merchants.

Before that, on June 1, it said Shoplazza merchants could access new D2C payments acceptance from Payoneer.

New PYMNTS Study: How Consumers Use Digital Banks

A PYMNTS survey of 2,124 US consumers shows that while two-thirds of consumers have used FinTechs for some aspect of banking services, just 9.3% call them their primary bank.

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See More In: APAC, B2B, B2B Payments, collections, cross-border payments, Digital Payments, ecommerce, Expansion, News, partnerships, payermax, Shoplazza, What’s Hot, What’s Hot In B2B

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