Today, we are announcing that we have signed an agreement with PayKii Inc. (PayKii) to bring cross-border bill payment solutions to the SolidTrust Pay platform.
PayKii is the leading provider for Latin American bill payment coverage, connecting remittance providers with billers around the world, and enabling individuals living abroad to conveniently pay bills for their family back home.
Earlier this year, we endorsed IFAD’s International Day of Family Remittances (IDFR) on June 16 with a day of free member-to-member transfers. We also signed IFAD’s IDFR pledge to work together to enhance innovative financial technology, provide greater efficiency, and lower costs for a more accessible financial sector for all.
With this announcement, SolidTrust Pay is solidifying its commitment to that pledge. Our CEO Stella Hiemstra has plans to continue implementing resources and solutions to improve the ease and accessibility of international remittances.
When asked about the partnership with SolidTrust Pay, CEO of PayKii, Fabian Saide remarked: “it gives us immense pleasure to announce this collaboration with Canada’s industry leader bringing new cross-border bill payment services.” He went on to state that PayKii “will continue to expand its international footprint by opening up additional markets in 2017 in support of SolidTrust Pay’s users.”
According to PayKii and Juniper Research, bill payment accounts for up to 20% of remittance beneficiary’s expenses with billions of transactions globally.
Through PayKii cross-border bill payment integration, we hope to make regular and remittance bill payments easier and more accessible. Users of SolidTrust Pay will be able to pay electricity, telephone, internet, cable, water, and gas bills directly from their SolidTrust Pay e-wallet, eliminating the risk and cost associated with regular money transfers.
SolidTrust Pay expects to have PayKii bill payment solutions fully integrated on their platform by October 15, 2017.