- Veem will be offering an instant payments tool for small and medium-sized firms in more than 100 nations across the globe.
- The service supports the Veem Wallet option and comes against a backdrop of slow, out-of-date payments elsewhere in the sector.
- “We are excited to launch the largest coverage of countries enabling real-time payments around the world," said a spokesperson for Veem.
Veem, a provider of online money transfer tools, has confirmed that it is rolling out a new service for smaller-sized firms.
The firm announced that it will start to offer an instant payments tool for small and medium-sized businesses in more than 100 nations across the globe.
The service supports the Veem Wallet option, which gives customers the opportunity to store balances and transfer payments from their phones. This can be done from anywhere and does not have a cost.
The service will also permit clients to be paid into their bank accounts, provided that these accounts link to debit cards on a global scale.
Customers can also pay from anywhere that Mastercard or Visa are accepted.
“We are excited to launch the largest coverage of countries enabling real-time payments around the world,” said CEO Marwan Forzley.
“We pride ourselves in providing businesses with a range of payment options that assist them in managing their cash flow needs, including the ability to pay and get paid with the payment method of their choice.”
One of the organisation’s partners, meanwhile, said that the expansion was a source of pride for them.
“We’re proud to partner with Veem and Tabapay to further expand cross-border remittance and real-time payments for businesses across the globe,” said Keith Vander Leest, Head of Payments at Cross River.
“There is a growing need for real-time solutions in an outdated and traditionally slow, complicated, and expensive process,” he continued.
“Veem is changing the game for businesses and untangling cross-border payments, ultimately broadening access for all.”
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