CONNECT WITH US
Fintech

Fintech

Boost Payment Solutions Partners Airwallex for Cross-Border B2B Cards

The Fintech Times logo

Published on

Add as a preferred source on Google
Boost Payment Solutions Partners Airwallex for Cross-Border B2B Cards

The partnership targets a structural pain point in cross-border B2B card acceptance. When a buying enterprise wants to pay an international supplier by commercial card, the friction typically lands on the supplier side: slow onboarding, elevated failure rates, retry loops that delay settlement, and processing costs that make wire transfer look more attractive. Boost says the integration addresses each of those: suppliers can go live in as few as two business days, payment failure rates are lower, and eligible high-value transactions are routed to qualify for large-ticket interchange rates. European flows are also said to benefit from optimised scheme fees.

Dean M. Leavitt, founder and chief executive of Boost Payment Solutions, said the partnership was about infrastructure consistency at scale. “Global B2B payments shouldn’t become more complicated simply because a business crosses a border,” he said. “By combining their global processing capabilities with our specialised B2B expertise, we can continue raising the bar for the customers and suppliers we serve.”

The division of labour is legible. Airwallex holds more than 85 licences across North and Latin America, Europe, the Middle East and Asia-Pacific, giving it a regulated acquiring footprint that would take years and significant capital to replicate independently. Boost, founded in New York in 2009 and active in more than 180 countries, brings proprietary technology for large-ticket card optimisation and the supplier-side commercial relationships that acquiring infrastructure alone cannot provide. Neither company disclosed revenue figures, processing volumes in absolute terms, or the commercial structure of the arrangement.

The “nearly ten-fold” volume growth figure is notable but should be read in context.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.