Fintech firm says its platform removes friction and latency from tedious user experience
Canadian fintech Buckzy Payments announced an enhancement to its real-time cross border network by including real-time cross border bill pay through a single connection. Buckzy claims it is the first to present a functional real-time bill pay network, now available to financial institution partners.
Historically, customers have been required to either open bank accounts in other countries, or use expensive bank drafts, wire transfers or currency exchanges to settle such transactions, all of which come at a steep cost and inconvenience to all parties involved.
The service will first be offered in India, China, the Philippines, and the United States, with more than 25 additional countries to be live on the network by the end of 2019. Buckzy is currently working with multiple leading bill consolidators around the world.