AFEX Launches First-Ever Global Payments App in the Zoho Marketplace

WOODLAND HILLS, Calif., January 28, 2020 (Newswire.com) - AFEX, a leading global payments specialist, has launched the first-ever global payment app for Zoho Books clients. The extension, available for free download in the Zoho Marketplace, allows Zoho Books clients to pay vendors around the world seamlessly and efficiently, in their local currencies, without leaving Zoho Books.

For growing businesses international payments can be cumbersome and time-consuming, and leaving the accounting platform where they make their domestic payments adds a layer of complexity. With the AFEX global payments app for Zoho Books, international payments are as easy to manage as local ones. The app is fully integrated into the Zoho Books platform, providing seamless access to AFEX’s well-developed global payments infrastructure, compliance and licensing framework through AFEX’s unique advanced API technology. The AFEX API automates manual payment processes, including onboarding, beneficiary validation, payment confirmations, reconciliation and reporting. This saves time and reduces errors, bolstering operational efficiency and increasing revenues for Zoho Books clients.

Users can access and lock in live rates in more than 100 currencies, and send payments securely to 180 countries. The AFEX API technology provides transparency: vendors receive their payment in their local currencies, and the business can track their costs in their home currency. The streamlined, innovative solution scales as businesses grow, offering higher visibility into global markets and opening up new opportunities.

ABOUT AFEX

AFEX is a foreign exchange specialist with a heritage dating back to 1979. With 22 offices in 11 countries, we are one of the world’s largest independent non-bank providers. We offer cost-effective, secure global payments and unrivaled customer services to more than 35,000 clients around the world. Our fully customizable APIs are unique in the industry, providing frictionless access to our world-class payments network, licensing and compliance infrastructure. For more information, please visit apisolutions.afex.com.

ABOUT ZOHO

Zoho Corporation is an Indian software development company. The organization focuses on web-based business tools and information technology, including an office tools suite, Internet of things management platform, and a suite of IT management software. The company was founded in 1996 by Sridhar Vembu and Tony Thomas in Pleasanton, California, and currently holds its presence in seven countries with its global headquarters in Chennai. For more information, please visit www.zoho.com.

CONTACT

For more information, please visit [email protected] or contact Laura McLoughlin, Partnerships Director, AFEX Americas at 818-728-3814 or email [email protected].

Source: AFEX