Currenxie, a Hong Kong-headquartered cross-border payments company, announced that it will be participating in Amazon’s Payment Service Provider (PSP) programme.

Participating PSPs must have appropriate risk and compliance controls in place and work with Amazon to reduce the potential for fraud and abuse.

Amazon marketplace sellers now have the option to select Currenxie as their chosen global payment provider to receive their sales proceeds.

Using Currenxie’s Global Account® to transact means that e-commerce sellers can leverage a virtual multi-currency account with over 18 currencies, which they can then use to send and receive payments locally with over 40 countries, without any correspondent bank fees.

Alongside Amazon, Currenxie’s platform also connects to other e-commerce marketplaces like Shopify, Etsy and eBay, as well as payment gateway providers such as Stripe, Alipay and PayPal.

The company’s US$10 million Series A funding round in August 2021 was followed by the launch of its Visa card in November 2021 for Hong Kong-based clients.

Riccardo Capelvenere, Founder and CEO of Currenxie said,

“The programme is designed to only accept the world’s most safe and secure cross-border payments companies – ones who are committed to helping sellers around the world have the freedom to pay and be paid anywhere.

 

We will continue to provide high-quality service for our customers on a daily basis leveraging the strength of our global payments infrastructure that we’ve built.”