(Information sent by the signatory company)
LONDON, May 22, 2024 /PRNewswire/ — Voxel, a leader in the development of technological solutions for B2B payments and electronic invoicing, continues to expand its international presence with a collaboration agreement signed with TerraPay, a world-leading money movement company. With this signing, TerraPay joins Bavel Pay, Voxel’s B2B payment solution with which it promotes the development of advanced payment integration solutions.
TerraPay Virtual Credit Cards (VCC) offer the ability to pay instantly in 126 countries, as well as the ability to make transactions in 67 different currencies. Different types of companies can access these products since TerraPay does not require minimum amounts to start working with them. Additionally, TerraPay also offers instant bank transfers, designed especially for businesses working with hotels that do not accept VCC. “The integration of TerraPay into Bavel Pay is great news for our current and future customers because it expands options and facilitates global payments more efficiently,” explained Héctor Martín, Vice President of Global Sales at Voxel.
Koert Grasveld, Vice President of Payments at TerraPay, said: “Consequently, our company has found a strategic partner in Voxel, which will allow us to expand our reach in the travel sector by accessing new partners and customers through Bavel Pay.”
In recent years, Voxel has expanded its partner ecosystem for its B2B payments solution, as well as the regional reach of its value proposition, thus demonstrating its continued ‘commitment to simplifying payments in the travel industry’ and enabling each client to use the service that best suits their needs and the territory where they operate.
“Bavel Pay is unique in the market. It is the first payment manager that, in addition to optimizing and simplifying B2B payments, offers a powerful rules engine and value-added services, such as electronic invoicing or currency exchange, through which can automate the comprehensive management of all your back-office processes through a single connection,” explained Martín.
Some of the companies that are already benefiting from TerraPay services through Bavel Pay, Voxel’s B2B payment solution, are Bedsopia, Prime Travel, Guest Incoming, Offerbeds, CN Travel, Panamericana Viajes, Ebooking Center, TUI España and Euromar Travel.
Voxel recently joined the Amadeus IT Group, seeking to create the largest payments partner in the travel industry. The inclusion of Voxel solutions in the current Amadeus offering means access to a greater variety of payment services for travel agents and a more automated form of electronic management for tour operators, travel management companies (TMCs), aggregators of hotels and hotels.
About Voxel, an Amadeus company
Voxel develops value chain digitization solutions: electronic invoices and approval flows, electronic payments, supplier management, electronic orders and delivery notes, expense management and connection with public administrations through its Bavel platform.
Bavel Pay is the B2B payment manager, Bavel Billing is the leading e-invoicing solution and Bavel Procurement digitizes the entire supply chain and automates all related processes. The Bavel platform is made up of more than 70,000 hotels, more than 1,000 tour operators and travel companies, more than 1,200 food and beverage, goods and maintenance suppliers, and more than 3,000 restaurants and franchises. Voxel is present in 100 different countries and the Bavel platform manages more than 100 million transactions per year.
Voxel has recently joined Amadeus IT Group, with the ambition to create the largest payments partner for the travel industry.
The company’s purpose is to transform the workplace into a place of personal growth to promote a more conscious society, understanding the business world through collaboration. The goal is to empower businesses to be more aware and evolve into ‘Great Places to Grow’.
About TerraPay
TerraPay simplifies the movement of money everywhere: providing a single connection to the largest cross-border payments network regulated in 31 global markets and enabling payments to 144+ receiving countries, 210+ issuing countries, 7.5 billion+ bank accounts and more than 2.1 billion mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries of global businesses, from banks, fintechs and money transfer operators to travel companies, creative economy platforms and e-commerce marketplaces, while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London with global offices in Bengaluru, Dubai, Miami, Bogota, Dar es Salaam, Kampala, The Hague, Dakar, Joburg, Nairobi, Milan and Singapore and is expanding rapidly, having received funding from leading investors including IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
For media inquiries and more information, contact juveria.n@terrapay.com
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