PayerMax and Standard Chartered collaborate to simplify cross-border payments

Standard Chartered and PayerMax have collaborated to improve cross-border payments for global brands. The partnership aims to address the challenges of cross-border payments in emerging markets through robust compliance frameworks, technological innovations, and ecosystem cooperation. PayerMax, a FinTech solutions provider, has integrated its solution with Standard Chartered’s FX Scale product, enabling merchants to manage multiple currency accounts and distinguish fund flows by currency and channel. The partnership has enabled PayerMax to tap into Standard Chartered’s global network and deep local knowledge of emerging markets. The collaboration has achieved technical integration across several countries using host-to-host connections and APIs, supporting multi-currency virtual accounts and batch payment solutions. Wang Hu, Co-founder & President of PayerMax, noted that the partnership enables them to offer a full-fledged payment solution while reducing transaction costs and payment processing time. The partnership aims to support the collection and distribution of last-mile payments for merchants and has obtained licenses from regulatory authorities in key markets.