Recently, leading SaaS e-commerce platform Shoplazza reached a strategic cooperation deal with Payoneer, a financial tech firm that provides energy for the global payment industry and new economic growth.
Established in 2005 in the United States, Payoneer provides DTC (Direct-to Consumer) payment processing services for more than 360,000 merchants. Shoplazza merchants will be able to directly access Payoneer Checkout to process collections and payments from customers all over the world while integrating their revenue streams.
Payoneer Checkout is tailored for online e-commerce merchants to create an integrated experience. By integrating all of the funds collected by merchants in their marketing and direct channels into Payoneer’s multi-currency accounts, merchants are able to manage their accounts payable, obtain circulating capital, and use the funds to pay operating expenditures such as digital advertising fees.
Nagesh Devata, Senior Vice President of APAC at Payoneer, spoke about the developments: “Cross-border e-commerce sellers need to ensure that they can provide buyers from all over the world with in-site payment methods as convenient as spending at local retailers. This cooperation with Shoplazza highlights the strong alliance between Payoneer and the world’s leading e-commerce promoters.”
Shoplazza is committed to providing a complete set of solutions for operating, marketing and managing online stores for different types and sizes of brands. Foreign exchange settlements and collection and payments, all play a vital role in the daily operations of cross-border e-commerce. In view of this, the strategic cooperation between Shoplazza and Payoneer will be able to provide multi-currency settlement methods for Shoplazza merchants. The cooperation will also save merchants’ costs through preferential exchange rates, a simplified settlement process, and unified account management.