KyckGlobal and PayFlo announced their partnership to fulfill their aim of expanding PayFlo's digital disbursement options for its customers in the United States and Canada. KyckGlobal has been a prominent financial technology firm specializing in streamlined digital payments. While PayFlo has been a leading provider in physical check fulfillment services in North America.
KyckGlobal offers a cloud-based payments engine and has fifteen payment types. The users can select payment types for their needs. With this partnership, customers worldwide can get access to different payment methods. In fact, the platform enables businesses and banks to reach their customers across borders seamlessly. Payflo will deliver an array of payment processing services for businesses, which includes Checkflo, a cloud-based service. Checkflo enables SMEs and giant corporate companies to automate and outsource their physical check processing, printing, and disbursement of money faster and seamlessly.
In addition, KyckGlobal will also provide a technology layer through API integration to enhance PayFlo's prevailing array of payment methods. New payment types from PayFlo will also include Venmo, PayPal, push-to-card, and numerous other cross-border solutions. The solutions such as international ACH, push-to-account, wires, and others. All these payments will originate from PayFlo's single point of reconciliation, having integrated reporting and optimized payer and payee experiences. PayFlo will further serve as the provisioner of physical checks issued from the KyckGlobal platform under the partnership agreement.
As soon as the news came out, it included valuation insights from the founder and CEO of KyckGlobal, Ashish Bahl. He says, "KyckGlobal believes that inclusivity is a critical ingredient in the recipe for success in cross-border commerce. We're excited to work with PayFlo to deliver unprecedented customer reach."
We believe that this new capability will help us meet our customers' demand for secure, compliant and timely digital disbursements options alongside the physical check payments. We are happy to partner with KyckGlobal to meet new customer demands and expectations in the future."
Rob Sigal, President & CEO of PayFlo Inc