YayPay Announces Partnership With Payments Platform Flywire 

Customer experience management company Quadient has announced a new collaboration with payments platform Flywire. 

The companies say this partnership will see Quadient’s accounts receivable Software-as-a-Service (SaaS) solution YayPay extend Flywire’s digital payment solutions to its B2B clients around the globe. 

“As YayPay’s international footprint and customer base has grown, the need to provide seamless cross-border payments has increased,” the companies said in a news release Friday (Oct. 22). “Flywire’s solution for B2B, which combines a next-gen payments platform, proprietary global payment network and vertical-specific software, will embed into the YayPay platform.” 

Qudient’s customers, meanwhile, will enjoy “flexible and dynamic” payment solutions that help businesses accept and settle payments in 240-plus countries and in more than 140 currencies. 

The companies say YayPay users can use Flywire for international transactions and make direct debit or electronic banking payments. Flywire offers foreign exchange market management and currency exchange, local collection and settlement, automated reconciliation and the ability to track when payments are coming in. 

“When the opportunity came up to partner with the YayPay by Quadient invoice and billing solution, this was a natural fit,” said Ryan Frere, executive vice president and general manager of B2B for Flywire. “Flywire is committed to driving operational efficiencies for business all around the world, and this partnership enables us to extend the reach of our solution.” 

In an interview with PYMNTS earlier this year, Flywire CEO Mike Massaro said payment modernization, when done well, can help senior managers avoid wasting time. 

Read more: Flywire CEO: Payment Digitization Helps Senior Management ‘Stop Wasting Time’ In The Back Office

“The most experienced person is the one who’s dealing with the most complicated issues” related to operational inefficiencies, Massaro told PYMNTS’ Karen Webster. 

Instead of dealing with these issues, he added, that manager could be working on strategy and looking toward the next technological change that might signal a competitive threat or a revenue opportunity.