MODIFI, a leading worldwide payments and banking platform for businesses, announced a cooperation with Airwallex to deliver a fast, cutting-edge, and secure solution for transferring money across several areas. By utilising the global payments and financial infrastructure of Airwallex, MODIFI has developed Global Account Solutions, a payment tool that simplifies and lowers the cost of cross-border payments and invoice financing for exporters in China and major buyers worldwide.

 

Cross-border transactions are expensive, have protracted payment conditions, are difficult to obtain, and are not transparent. Banks, which are frequently in charge of international business payments, frequently favour larger businesses, leaving new SMEs scrambling to find flexible and economical international payment solutions. Cross-border payment solutions that are effective and economical are therefore needed.

 

Global Account Solutions are now available to exporters throughout the world who are looking for sustainable growth in their international business thanks to the integration of Airwallex's payment infrastructure by MODIFI. The financing and collection process is made simpler for buyers and sellers across several continents, including North America, Europe, and Asia, with this service. 

 

The MODIFI Global Account Solution is made to suit the cash flow requirements of non-traditional companies and e-commerce marketplace sellers while also addressing the financing difficulties faced by B2B exporters. Major platforms like Walmart, JD Worldwide, Amazon, Wayfair, Tmall International, Coupang, and Temu are supported by MODIFI. MODIFI makes cross-border e-commerce platforms possible by streamlining cashflow, filling funding shortages, and assisting Chinese exporters.

 

Wenlong Huang, General Manager of MODIFI Greater China, said, "The innovative solution with Airwallex builds convenient cross-border payment and financing services for Chinese exporters and helps them to speed up the working capital cycle and increase profit margins."