Standard Chartered has partnered with Tazapay to offer seamless cross-border payments to e-commerce businesses around the world. The partnership aims to simplify transactions for international buyers and sellers, increasing the efficiency and speed of cross-border payments.
Overview of the partnership between Standard Chartered and Tazapay
Standard Chartered has partnered with Tazapay, a secure digital payment platform for businesses engaged in cross-border transactions. Through this partnership, Standard Chartered and Tazapay will offer a cost-effective and seamless checkout experience for conducting commercial cross-border transactions.
Tazapay is a payment platform designed to simplify cross-border transactions for businesses. It acts as an intermediary between buyers and sellers, reducing the risk of fraud and ensuring that payments are delivered securely and on time. With Tazapay, businesses can make international payments in multiple currencies without the need for a bank account in the recipient’s country. The platform also offers features such as escrow services, payment tracking, and dispute resolution to facilitate seamless transactions. Overall, Tazapay makes cross-border payments faster, more reliable, and more cost-effective for businesses of all sizes.
Tazapay is a payment platform that simplifies cross-border payments. It enables businesses to pay and receive payments internationally in a secure, transparent, and convenient way. The platform is designed to meet the diverse needs of businesses of all sizes, making cross-border transactions as easy as domestic payments.
Benefits of the partnership include acceptance of payments in over 70 markets
Through this partnership, global marketplaces and e-commerce merchants can accept payments from buyers locally in over 70 markets. This offers businesses the added benefit of allowing buyers to pay in their local currency, which enhances the overall customer experience.
The growth of B2B marketplaces in e-commerce
B2B marketplaces are currently the fastest-growing channel in B2B e-commerce, with sales doubling from $56bn in 2020 to $112bn last year. This highlights the increasing demand for cross-border transactions, presenting a unique opportunity for Tazapay and Standard Chartered.
Please provide a description of the cost-effective and frictionless checkout experience offered by Tazapay Checkout
The Tazapay Checkout experience is designed to offer customers a cost-effective and frictionless payment experience, enabling businesses to easily accept cross-border payments. It provides customers with a range of payment options, such as credit/debit cards, bank transfers, and e-wallets, to ensure a seamless checkout experience.
The extension of the partnership with Tazapay supports Standard Chartered’s enterprise marketplaces strategy. By providing a seamless payment experience to B2B customers, Standard Chartered is positioning itself as a key partner for businesses looking to expand their cross-border capabilities.
Information about Tazapay’s recent Series A funding round led by Sequoia Capital Southeast Asia
Tazapay recently closed a Series A funding round led by Sequoia Capital Southeast Asia. The fintech startup raised $3.2 million to expand its B2B payment network in Southeast Asia. Other investors in the round included Saison Capital and existing investor, Global Founders Capital. With this latest funding, Tazapay plans to further develop its platform and expand its team to support the company’s growth in the region.
In its recent Series A funding round, Tazapay raised $16.9 million led by Sequoia Capital Southeast Asia, highlighting the potential of the platform to transform cross-border transactions.
A discussion of Tazapay’s focus on simplifying cross-border payments and how the partnership with Standard Chartered supports larger e-commerce merchants and enterprise marketplaces:
Tazapay’s focus on simplifying cross-border payments aligns with Standard Chartered’s strategy of supporting enterprise marketplaces. Together, Standard Chartered and Tazapay can serve larger e-commerce merchants and enable them to offer a superior customer experience, resulting in higher conversion rates.
In conclusion, the partnership between Standard Chartered and Tazapay offers a seamless cross-border payment experience for businesses, resulting in higher customer satisfaction and conversion rates. The partnership also enables businesses to expand into new markets and take advantage of the growing demand for cross-border transactions.