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Ripple, through its partner MoneyNetInternational(MoneyNetint), has a new connection to PXP Financial as MoneyNetint is now getting together with the latter to process frictionless cross-border payments. This global payment service is for customers in the US and EU only. 

PXP Financial is a U.K.-based payment processor and its collaboration with MoneyNetint will offer all major global credit & debit cards processing, as well as a wide range of alternative payment methods such as vouchers, e-wallets, online and offline banking, while significantly reducing operational costs and payment related processes.

CEO of PXP Financial, Koen Vanpraet commented,

“PXP Financial and MoneyNetint are extremely proud to be working together to create frictionless payment solutions for our respective customers as well as additional, innovative services. The future looks bright for our partnership; together, we want to help our clients to be able to accept credit cards for their online goods and services and utilize its acquiring services.”

PXP Financial was a merger of two established payment companies, PXP Solutions & Kalixa.

MoneyNetint was established in 2004 and helps companies financially by providing its clients with a multi-currency e-wallets associated with local bank accounts in the EU and US. It allows clients to send and receive money globally, without being physically present.

Avi Starodubsky, Head of Business Development at MoneyNetint, said,

“We at MoneyNetint have always prided ourselves on being bold and offering the most innovative and effective solutions for our customers, helping to reduce costs for businesses worldwide. We’re delighted to have joined forces with the team at PXP Financial, and to be working on our joint goal of providing seamless global payment services.”

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