- ANNA, which is an app designed to combine banking services and admin functions, will work with Payoneer
- Payoneer will provide currency conversion for the new joint service, which appears to be aimed at freelancers and others in a similar position
- “We can now enable them to reach across country borders for the first time – and at a critical time for these small businesses and freelancers who are working hard to maintain their livelihoods”, said an ANNA spokesperson
A British app-based banking start-up has announced a collaboration with the digital payments service Payoneer.
ANNA, which is an app that aims to combine both banking and administration, will work with Payoneer to deliver services to freelancers and small businesses.
As part of the new collaboration, it will be possible for ANNA clients to receive international money transfers directly to their bank accounts in either euros or US dollars.
It will also mean that ANNA customers can make the payment process easier by using an artificial intelligence-powered chat service to provide their bank details to clients.
The service will also permit notifications on a variety of topics including exchange rates and payments.
For its part of the deal, Payoneer will provide currency conversion services.
It describes these as cost-effective and says that they could be around 75% less expensive to use compared to the equivalent services at a traditional bank.
According to Andy Roberts, who serves as head of channel partnerships at ANNA, the new collaboration comes “at a critical time” for smaller firms.
“Joining forces with Payoneer is a truly significant addition to ANNA’s services”, he said.
“Business is global and many of our customers work internationally. We can now enable them to reach across country borders for the first time – and at a critical time for these small businesses and freelancers who are working hard to maintain their livelihoods”, he added.
On behalf of Payoneer, James Allum – who serves as the firm’s regional head for Europe – the new collaboration will see ANNA become part of a “trusted network of partners”.
“We’re teaming up with ANNA to bring artificial intelligence to the world of international payments and to our customers”, he said.
“We are experts in providing secure and simple cross-border payment solutions – and now, we are also empowering banks and e-wallets with innovative APIs for cross-border capabilities.”
“We are pleased to facilitate new international opportunities for ANNA customers in this way. As we work to empower more businesses to grow globally, ANNA fits right in with our trusted network of partners”, he added.
ANNA has become a growing name on the payment's scene in recent years.
According to its website, it offers customers a business debit card for business expenses as well as a business current account.
There’s always some sort of innovation taking place in the cross border payments sector, and this latest story from ANNA and Payoneer is no exception.
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