Wednesday, July 9, 2025
13.7 C
London
HomeBusinessStandard Chartered expands partnership with Tazapay

Standard Chartered expands partnership with Tazapay

Date:

CBDC Pilot Projects Seeing Adoption in Ghana and Thailand – Giesecke+Devrient Reports

Giesecke+Devrient highlights how Ghana and Thailand are advancing central...

The Payments Association Calls for More LGBTQIA+ Diversity in Payments Industry

New report urges financial organizations to champion inclusion and...

Adyen Grows Partner Programme to Accelerate Global Payments Innovation

Adyen expands its partner ecosystem, empowering more platforms and...

Standard Chartered has announced an expanded partnership with Tazapay, a global payments platform, to provide enhanced payment and commerce experiences. The collaboration aims to offer curated financial services on B2B platforms and cater to the growing demand for marketplace-specific financial services.

Facts

  • Standard Chartered and Tazapay have formed a global partnership to deliver optimized payments and commerce experiences on B2B platforms.
  • This partnership builds upon a memorandum of understanding signed between the two organizations in May 2021.
  • The digital Escrow-as-a-Service (EaaS) was successfully launched on Proxtera, a Singapore-based cross-border marketplace, as a pilot engagement.
  • B2B marketplaces are the fastest-growing channel in B2B e-commerce, with sales doubling from USD 56 billion in 2021 to USD 112 billion last year.
  • Standard Chartered and Tazapay’s proposition enables global marketplaces and e-commerce merchants to accept local payments in over 70 markets through a single API (Tazapay Checkout).
  • Tazapay Checkout includes buyer protection features that enhance commercial trust, such as document verification and customized payment release upon completion of transactions.
  • The partnership also allows B2B marketplaces to onboard third-party sellers across 170 markets, and Tazapay can leverage Standard Chartered’s banking services.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories