In order to offer quick cross-border payments, GlobeTopper, a B2B gift card concierge firm, has collaborated with payment processor Knox Wire.
A news release on Saturday, November 26 stated that GlobeTopper will be able to issue same-day refunds in more than 190 nations thanks to the deal, which was arranged by Zed Network. Additionally, GlobeTopper will use Knox Wire’s payment platform and currency exchange services to expand the range of accessible services and products.
Knox Wire CEO Stephen McCullah said, “The partnership between Knox Wire and GlobeTopper is an exciting opportunity for both firms to deliver better financial services internationally in a dynamic digital payments market.”
Aron Alexander, CEO and founder of U.K.-based digital rewards platform operator WeGift, and I had a conversation last week about the growth of gift cards as a speedy recompense option for consumers.
His business, which has operations in more than 30 nations, has drawn a sizable number of clients. Its portfolio of over 1,500 well-known brands includes companies like Airbnb, Nike, Instacart, Mint Mobile, and Vodafone.
Regarding multicurrency management, the company’s technology enables clients to handle client funds and send secure payments to end clients in 20 different currencies, removing all exposure to foreign exchange (FX) risks.
According to Alexander, WeGift’s future priorities will include internationalization and removing border barriers, as well as developing new asset categories to facilitate features like frictionless value transfer across multiple wallets.
He emphasized that the importance of merchant acceptance came from the rise in demand from retailers that want to partner with WeGift to accept and issue assets, whether they come in the form of gift cards, NFT, subscriptions, or product-level tokens.
The next stage, according to Alexander, is to broaden our merchant network and provide our merchant partners with new tools so they can benefit from digital currencies.
