Buckzy Payments Inc delivers unparalleled support for global payments and foreign exchange provider, Unimoni

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• Latin America - español

TORONTO, Nov. 30, 2021 /PRNewswire/ -- Unimoni provides a wide variety of financial solutions and services via multiple customer touchpoints, including retail stores, online and mobile solutions, and self-service kiosks, making money a seamless movement across geographies, currencies, and channels.

In 2021, the financial provider decided to partner with Buckzy Payments Inc, a Toronto-based global fintech in a mission to make international payments more reliable, quicker, and affordable for customers across the globe, further strengthening its one-stop financial solution offering to its customer base.

Boban Madamana Pailo, CEO of Unimoni explains: "What attracted us to partner with Buckzy was the financial network infrastructure the organization has in place for the cross-border payment industry. The single connectivity for Unimoni to deliver real-time remittance and other cross-border real-time payment solutions was very appealing".

"Buckzy has opened cross-border payments for us in Oman, since before this partnership, we were connected to a traditional model of corresponding banking relations. The single connectivity offering Buckzy provides allows Unimoni to make cross-border payments in real-time, this is a game-changer for us as an organization". 

The increased international mobility of goods and services, capital, and people over the past few decades has contributed to the growth of cross-border payments. Cross-border payments are forecast to reach over $250 trillion by 2027, an increase of more than $100 trillion in just 10 years, from almost $150 trillion in 2017.

As manufacturers expand their supply chains and cross-border asset management and global investment flows increase, there is an increasing demand for cross-border payments and for end-users to have access to cross-border payment services that are equally efficient and safe as their domestic counterparts.

"Our primary motivation to collaborate with Buckzy was to gain access to the USD market. This service offering has enabled Unimoni to diversify into new markets and further strengthen our business portfolio."

Boban concluded: "Beyond new markets and customers, this partnership has afforded us with the valuable currency of "time". In the traditional model of cross-border payments it normally takes two to five business days for international payments to clear. Timeframes can differ depending on the recipient of the funds and the number of intermediary banks involved. The more financial institutions that the transaction passes through, the longer it will take for the transaction to clear. Buckzy's real-time payment solutions enable Unimoni to deliver payments instantaneously, this is a service that customers have been demanding for years, and now we can deliver." 

About Buckzy Payments Inc.

Buckzy Payments Inc. is a cross-border payments network and embedded finance platform enabler for leading financial institutions and fintechs worldwide, delivering a modernized and proprietary real-time cross-border payment settlement network. 

This press release may contain forward-looking statements that involve risks, uncertainties, and assumptions. All statements other than statements of historical fact could be deemed forward-looking statements, including any projections of revenues, gross margins, earnings, or other financial items; statements regarding strategies or plans for future operations; statements concerning new features, enhancements, or upgrades to our existing applications or plans for future applications; statements relating to the expected performance or benefits of our offerings; statements about current or future economic conditions or related regulatory governance; and any other statements of expectation or belief.

Buckzy Payments Inc. assumes no obligation for, and does not intend to update, any forward-looking statements.

Any unreleased services, features, functionality, or enhancements referenced in a Buckzy document, roadmap, blog, website, press release, or public statement that are not currently available are subject to change at Buckzy's discretion and may not be delivered as planned or at all. Customers who purchase our applications should make their purchase decisions based upon features and functions that are currently available.

SOURCE Buckzy Payments Inc.