San Francisco, Calif. (PRWEB) May 03, 2016
Next-generation global payments provider Align Commerce today announced the establishment of its U.S./Mexico corridor to allow businesses in both countries to easily send and receive payments across the border. Serving the small- and medium-sized business (SMB) community, Align Commerce can now facilitate payments throughout North America, in addition to the 60 other countries it serves worldwide.
The U.S./Mexico corridor is a significant trade region for American businesses, with over $500 billion in commerce done there annually, according to the latest Census figures. However, many parties still conduct cross-border transactions with Mexico through traditional wire transfer tools, incurring a bad experience for both payers and payees.
With its proprietary multi-rail platform, which employs blockchain technology to quickly and easily transmit payments across currencies and borders, Align Commerce can reduce costs and simplify trade for small businesses dependent on this vital economic corridor.
“We are among the countless organizations that often pay to Mexico, and it has never been an easy task,” said Joey Angeles, who heads finance and accounting at the Jordan Tourism Board, North America, based in McLean, VA. “Using Align Commerce has brought a new level of reliability to our international payments. I no longer have wire transfers rejected by recipient banks without explanation, and it now takes just one or two days for my counterparties to receive a payment, rather than the two to three weeks they used to have to wait.”
To mark the opening of its U.S./Mexico payments corridor, and to celebrate the Cinco de Mayo holiday, Align Commerce is offering its customers five free payments during the month of May, eliminating the tiered transaction fee.
“It has been needlessly difficult for businesses to conduct trade across the U.S. – Mexico border, when in fact the process can be simple and transparent,” said Align Commerce CEO Marwan Forzley. “With Align Commerce, businesses can send funds in a few clicks without the need for trips to the bank, figuring out cut–off times, paying fees and foreign exchange spreads. Sending funds with Align is as simple as sending an email. There are no fees, and the exchange rates are transparent and competitive.”
Align’s establishment of its U.S./Mexico corridor follows shortly after the company announced in March the opening of its Brazil corridor, and in February that it had launched its payment rail in China. Align’s rapid global growth underscores the abundant demand for an innovative alternative to the outdated wire rail system.
For more information about the Align Commerce cross-border payments platform and how Align Commerce is enabling faster, simpler and less expensive overseas payments for small businesses, visit AlignCommerce.com. To sign up, visit https://www.aligncommerce.com/dashboard/register.
About Align Commerce
Align Commerce (Align) is a next-generation global payments provider that enables businesses to quickly and securely pay and get paid in their local currency. Align is disrupting the archaic international payments industry by leveling the playing field for small businesses in cross-border payments. Align helps businesses process payments via a simple, frictionless, and inexpensive manner by using revolutionary multi-rail technology.
Racepoint Global for Align Commerce