B2B Payments

Payoneer Partnership Set To Boost Cross-Border Payments

Online payments firm Payoneer announced on Tuesday (Aug. 5) that it had partnered with the Latin American eInvoicing firm Gosocket. The move is expected to give businesses a better new solution for cross-border eInvoice payments.

While Gosocket processes eInvoices for Latin American firms, it is often difficult to receive payments from the rest of the world, according to a Payoneer statement. However, Payoneer’s collection services will help companies receive global payments.

“Payoneer is bringing together global B2B payments and e-invoicing to deliver new and better ways for businesses to trade globally,” Payoneer CEO Scott Galit said. “Payoneer and Gosocket have a shared vision for a world where businesses, regardless of size or location, can easily and seamlessly trade and get paid globally. We are excited to play a role in helping businesses in Latin America to get access to the funds they need to expand and grow their businesses more quickly, securely and cost-effectively.”

Gosocket CEO Mario Fernandez was also optimistic and excited about the partnership. Gosocket customers will now expand across the globe faster with simple and secure cross-border payments, Fernandez said.

In June, Payoneerannounced that it was expanding into China, when the payments company received an investment from China’s integrated financial services provider Ping An.

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