Global payments and financial platform Airwallex today announced a partnership with Float, one of Canada’s fastest-growing B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions.
Float’s Bill Pay product, powered by Airwallex, introduces payouts – including bank transfers, EFT, wire, and ACH – as part of Float’s unified business finance platform for Canadian companies.
Nearly 100,000 small and medium-sized Canadian businesses regularly conduct business outside the country and rely on efficient local and international payment processes to do so.
The Bill Pay offering in Canada helps Float customers eliminate manual AP processes by increasing visibility and control over their company’s largest expenses – invoices – with automated invoice collection, payment, and reconciliation, all while minimizing costly foreign exchange fees.
“Canadian consumers, SMBs, enterprises, and the economy at large stand to benefit from more integrated financial services,” said Ravi Adusumilli, Executive General Manager, Americas, Airwallex.
“We’re proud to partner with a cutting-edge partner in Float to empower businesses to operate more easily and efficiently both inside and outside of Canada.”
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