B2B payments company Boost Payments Solutions has launched a partnership with financial operating system Airwallex.
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The collaboration is designed to enhance Boost’s international commercial card processing capabilities and help it streamline supplier onboarding and simplify cross-border payment processing, the company announced Tuesday (Oct. 20).
“Global B2B payments shouldn’t become more complicated simply because a business crosses a border,” Dean M. Leavitt, Boost’s founder and chief executive, said in a news release provided to PYMNTS.
“Boost has built a global platform designed around the unique needs of B2B payments, and our partnership with Airwallex allows us to make the infrastructure behind that experience even more scalable and consistent. By combining their global processing capabilities with our specialized B2B expertise, we can continue raising the bar for the customers and suppliers we serve,” added Leavitt.
Boost’s platform is designed to help businesses send and receive commercial card payments globally with more visibility, control and efficiency, the release said.
Airwallex is helping the company expand its international footprint by offering global processing infrastructure and acquiring capabilities that support Boost’s ongoing entry into new markets. The companies say the integration brings together the strengths of both parties.
“Airwallex’s global infrastructure supports a more streamlined and reliable processing experience across markets, while Boost brings specialized expertise in B2B and large-ticket commercial card transactions, helping eligible payments qualify for more favorable interchange rates and optimizing scheme fees,” the release said.
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