EmerioBanque

PayStand Acquires Yaydoo to Extend Blockchain-enabled B2B payments network

The latest news says PayStand, a Blockchain-enabled platform for account receivables and B2B payments, today reported the acquisition of Yaydoo, a fintech company facilitating accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. This arrangement represents one of the most influential technology collaborations in Mexico and LATAM to further make commercial blockchain-based solutions more accessible across the Americas.

PayStand is a decentralized finance (Defi) company that utilizes blockchain and cloud technology to strengthen the PayStand Bank Network - a digital B2B payments network with zero charges.

According to the firm, the acquisition of Yaydoo, an accounts payable and cash flow management fintech, will help spread commercial blockchain-based trade solutions to a wider customer base across the Americas.

By having each updated accounts receivable/accounts payable B2B Defi payment networks across both the US and Mexico, the collaboration with Yaydoo demonstrates that PayStand can now bring the two platforms into a single, open, faster, and safe global payment network.

Thanks to the acquisition, the company is all set to extend its network across the regions from Canada to Colombia.

PayStand CEO Jeremy Almond stated, “Defi enabled B2B payments networks that we are providing can help transform the working capital efficiencies and deliver more fair and open financial services especially in developing markets such as LatAm. ”

Almond adds, “These technologies can move the overall influence from traditional financial institutions and governments to buyers, and sellers, helping businesses and society.”

Yaydoo CEO Sergio Almaguer, who will be handling the Latin American development of the combined company, says the new collaboration will digitize trade between the US and Mexico.”

He further added, “It will help discover a plethora of opportunities for automating supply chain finance through the imports and exports of one of the most effective trade corridors globally.”

Source

https://www.fintechfutures.com/2022/08/paystand-buys-yaydoo-to-expand-b2b-payments-network-across-americas/





Other news

Exchange Rates

Currency Buy Sell
EUR USD 1.06 1.10
EUR GBP 0.86 0.89
EUR CHF 1.02 1.06
EUR AUD 1.72 1.70
EUR JPY 116.08 116.56
EUR MYR 4.50 4.77
EUR SGD 1.53 1.57
EUR HKD 8.27 8.53
EUR CAD 1.54 53.84
EUR DKK 9.75 1.55

Most Recent Blogs View All Blogs

01 Aug

Ethical Banking & Sustainable Finance : Key Concerns Highlights

Today, almost 80% of global trade relies on trade financial systems which are sustainable & feas...

21 Jul

Importance of Trade Finance For Importers-Exporters

A vast amount of SMEs and entrepreneurs who are interested in import-export trade activities rely on...

14 Jul

Cybersecurity Measures In International Trade

Ever since the global pandemic exposed the flaws of paper-based traditional international trade fina...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.