M2P announces cross-border payments partnership with Buckzy

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • M2P Solutions has said that it will work alongside Buckzy Payments, a Toronto-based provider of payment infrastructure services, to offer cross-border payments for customers in the Middle East and North Africa region (MENA).
  • It is expected that the new service will allow users to make payments to Europe, Latin America, Canada and North America.
  • “We are clearly aligned in our mission to improve global banking and transaction settlement services that unlocks the borderless banking and global economic opportunities for all,” a spokesperson for Buckzy said of the partnership.

M2P Solutions, a leading provider of application programming interface (API) payments infrastructure in Asia, has confirmed that it will partner with a Canadian financial technology company.

The firm said that it will work with Toronto-based Buckzy Payments, which deals with international money transfers and other payment infrastructure services.

The collaboration will see M2P offering cross-border payments for its partners in the MENA region, a press release confirmed.

It will be possible to make payments to Europe, Latin America, Canada and North America using the Buckzy ecosystem.

The transactions are expected to be highly safe and secure.

The main target of the collaboration will be exchange houses and money transfer operators.

It is believed that markets including the UAE, Saudi Arabia and others across the Gulf Cooperation Council will leverage the new pairing.

In a statement, a senior figure at M2P said that the company will enable the growth of fintech platforms.

Madhusudanan R, the firm’s co-founder, pointed out that M2P had been founded on the basis of top technology.

“As a Fintech enabling platform company, we are constantly looking for new ways to partner, and enable products that are reliable, built on the foundation of leveraging cutting-edge technology, we are glad to find a partner in Buckzy and are looking forward to serving banks and Fintechs jointly with them,” he explained.

Buckzy’s managing director in the Europe, Middle East and Africa region said that the two organisations shared a mission to help move towards borderless banking and transaction settlement services.

Adrian Brown said that the collaboration between the two firms would also increase economic opportunity for a number of people.

“We are clearly aligned in our mission to improve global banking and transaction settlement services that unlocks the borderless banking and global economic opportunities for all,” he said.

He added that there would be a significant “competitive advantage” available for consumers that used the new service.

“Combining Buckzy’s network with M2P’s API platform delivers an outstanding customer experience and competitive advantage for customers.”

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