Sila Taps Corpay To Expand Cross-Border Payment Capabilities

Sila, a decentralized payment network that empowers consumers and merchants alike, has partnered with Corpay to provide seamless cross-border payments.

Sila Inc., a fintech software platform, has partnered with Corpay to improve its cross-border payment capabilities.

Corpay is a currency risk management company that also offers integrated cross-border payment services.

Sila further said that the relationship would provide its clients access to global FX markets, with over 154 currencies accessible on the Corpay platform in over 100 currencies. Following the connection, customers may effortlessly choose between local and foreign payment alternatives.

Sila has seen an increase in client demand for payment solutions, according to Corpay’s Strategic Partnerships Manager Andrew Howlett. “Our reach in both locations and currency combinations is extensive, and Sila’s clients will benefit from it,” he said.

Sila is dedicated to meeting the needs of her clients.

Sila’s major objective has always been to provide consumers the finest tools possible to help them develop a successful company. These consumers are constantly confronted with the lack of appropriate tools and platforms to help them make the best investment decisions.

Sila will be working with the proper partner for clients’ requirements, thanks to Corpay’s reach and competence in enabling cross-border payments.

Sila’s collaboration will make cross-border payments easier.

Shamir Karkal, the Chief Executive Officer of Sila, remarked that firms focused on developing markets engage in a lot of innovation. Rather of using ATMs or regular bank accounts, most of these businesses depend on web applications and mobile phones. Sila’s collaboration with Corpay will help these companies to achieve their objectives.

“There is no one-size-fits-all in fintech,” Karkal noted, emphasizing the need of offering solutions that are tailored to the needs of customers. As a consequence, Sila has built a diverse network of partnerships, with Corpay being the most recent addition to assist the firm satisfy consumer demands.

Corpay is a market leader in commercial payments throughout the world. The company makes it simple for businesses of all sizes to monitor, manage, and pay their spending. It provides AP Automation, Bill Payment, and Currency Risk Management, among other online payment solutions.

The collaboration will aid both organizations in facilitating cross-border payments in a variety of sectors.