NEW YORK, Nov. 12, 2019 /PRNewswire/ -- Mesh, today announced a collaboration with Visa to help suppliers and service providers around the world accept payment using Visa virtual prepaid commercial cards while benefiting from the speed, simplicity and transparency of the Mesh payment platform.
Consumer payments are easy – click, tap or swipe, and you're done. But for global businesses, it's not that simple. Traditional cross-border payments are often slow, with very little visibility into when the money is likely to arrive, which invoice it covers, or what the final transaction cost will be. These uncertainties are driving some small businesses to rapidly embrace new fintech alternatives for cross-border B2B payments.
"SMBs are going global faster than ever, which is fueling innovation in this space," stated Oded Zehavi, co-founder and CEO of Mesh. "By working together with Visa as our preferred partner, we are taking the complexity out of payments. With Visa's global reach and our advanced technology platform, we are enabling payment providers and merchant acquirers to offer all types of businesses globally a frictionless B2B payment option that brings balance into commercial payments."
"This is a transformational time in the cross-border B2B payments industry. Mesh delivers a unique solution that simplifies the cross-border payments experience for businesses needing to pay their global suppliers," stated Taira Hall, Head of B2B Partnerships at Visa.
Mesh is a global B2B payment service that has been built for small businesses and powered by payment service providers (PSPs). The Mesh solution allows suppliers in emerging markets to enable buyers in developed countries to pay through a frictionless process that leverages Visa virtual commercial cards. The Mesh platform is the first to benefit suppliers by reducing the cost of transaction processing while payments are processed automatically through their existing acceptance platform. Mesh partners with payment service providers globally, further streamlining the process for SMBs and enabling acquirers and payment partners to capture payment volume and drive additional revenue.
Mesh, a global B2B payments service focusing on making cross-border transactions fast, simple and cost-effective, leverages on the existing payment rails of established card schemes. Mesh utilizes virtual prepaid cards and open banking to enable an innovative business to business payments service in partnership with merchant acquirers and PSPs around the world. Mesh enables Small Medium Businesses (SMBs) to receive funds through a secure, compliant, fast, global network that offers complete transparency. Mesh operates in the US and Europe and has partnerships in the Middle East and Africa, South East Asia and Latin America. For further information, please visit https://meshpayments.com/
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