NEWS
NEWS
Spendesk partners with Adyen to accelerate SMB innovation with embedded payments and financial services
Adyen , a financial technology platform of choice for leading businesses , has announced its long-term strategic partnership with Spendesk , the complete spend management platform for medium-sized businesses . The partnership will support innovation in embedded financial services , as Spendesk continues to accelerate bringing products to market in 2025 , and Adyen continues to build its suite of embedded financial products , including business bank accounts and card issuing . coverage across multiple key markets , which eliminates complex multi-provider set-ups . With Adyen ’ s UK banking licence , this partnership empowers Spendesk to maintain full control over the payment experience , provide its UK customers with the card customisation they need , and embed financial products beyond payments going forward .
Spendesk offers a comprehensive spend management solution that enables finance teams to automate workflows and gain full visibility and control over company spending . Providing essential tools like virtual and physical cards , expense management , and a new procurement solution , Spendesk also allows businesses to work with their existing accounting and financial software via its APIs and native integrations .
Scaling rapidly , Spendesk chose Adyen for its full stack Banking-as-a-Service ( BaaS )
PayPal PYUSD to bring speed and reduced costs to cross-border payments with Xoom
PayPal has announced it will be enabling disbursement partners to use PayPal USD ( PYUSD ) to settle cross-border money transfers made with Xoom . Cebuana Lhuillier and Yellow Card will be the first Xoom disbursement partners to use PYUSD to settle crossborder money transfers , allowing them to leverage the cost and speed advantages of Blockchain technology .
These forthcoming integrations will help drive financial inclusion by providing more widespread access to digital financial solutions across Asia-Pacific and Africa . In addition , PayPal will be able to conduct cross-border settlement transactions without being restricted by traditional banking hours .
“ Cross-border transactions are an important driver for economic growth and prosperity in developing countries ,” said Jose Fernandez da Ponte , Senior Vice President of Blockchain , Cryptocurrency and Digital Currencies , PayPal . “ With this step , Xoom and its partners , like Cebuana Lhuillier and Yellow Card , will be able to leverage PayPal ’ s payment technologies and the blockchain to further enable seamless money transfers across borders .”
10 www . intelligentfin . tech