Leading online payments solution providers 3G Direct Pay and Payoneer have signed a new partnership agreement today, September 30, 2014 to provide lower-cost, more secure and easier means of making regional and global payments for the hospitality industry in Africa.
This new partnership provides an end-to-end solution that allows hotels, airlines, and travel agents, among other players in the hospitality industry, to send and receive money online more securely and at lower-costs. While 3G Direct Pay focuses on enabling end users to make online payments, Payoneer enables mass payout capabilities. Thus, the two firms will work in sync to channel payments from a customer directly to thousands of overseas hotels, travel agents and airlines.
“We are excited about this opportunity to deliver added value to our clients within the hospitality industry in Africa. Through this new partnership with Payoneer, we will bring together a payment processing platform with sophisticated global mass payout capabilities,” said Eran Feinstein, Managing Director of 3G Direct Pay.
Jonny Steel, VP Marketing of Payoneer added: “Payoneer is the perfect complement to 3G Direct Pay in enabling global cross-border payment solutions. Using technology, compliance, and infrastructure, Payoneer connects businesses, professionals, countries and currencies with its innovative payment solutions. We have a very strong presence in many emerging markets through Asia and Latin America and are excited to continue to grow our reach throughout Africa.”
Feinstein explained that while the geographical scope of this partnership focuses on Africa, it also extends beyond Africa. Furthermore, measures have been put in place to protect clients’ funds and prevent money laundering.
Steel added that there are new types of payments, which create a lot of disruption from the business perspective.
As the world changes, we are continuously asking ourselves what more we can do to empower global commerce. The online payments market is huge and we firmly believe that we are positioned to be one of the players that decisively drives innovation in a way that suits today’s reality.”