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KyckGlobal Inc. on Monday added cross-border payment capabilities to its platform by partnering with Moneycorp, a London-based provider of foreign exchange and global payment services to individual and corporate customers.
The partnership will enable KyckGlobal to facilitate cross-border payments in more than 200 countries via wire transfers and international ACH transactions, in addition to its menu of alternative payment options such as Venmo, PayPal prepaid cards, MoneyGram, and push-to-card and push-to-account payments through Visa Direct.
As part of the deal, KyckGlobal will support high-dollar cross-border transactions of more $10,000, as well as transactions for lesser amounts in more than 145 currencies. Payors and payees can be onboarded through respective customer portals that allow users to track the status of their cross-border payments. Payees receive an email once a payment has been made, and payees receive a proof of payment statement once payment has been processed. All data connected with the transactions is tokenized.
“This adds to our arsenal,” says Ashish Bahl, founder and chief executive of KyckGlobal. “With one integration, we can support international payments for businesses of all sizes.”
The deal follows an agreement last month between Atlanta-based KyckGlobal and Advanced Business Computers of America Inc. (ABCoA) to enable used-car dealers in ABCoA’s network to accept cash payments at more than 35,000 merchant locations in the United States through ABCoA’s Deal Pack platform.
