Perfect Channel launches multi-currency payment system for digital marketplaces

Perfect Channel launches multi-currency payment system for digital marketplaces

Perfect Channel, a leader in digital marketplace transformation technology, is launching a multi-currency payment capability for users of its auction and trading platform.

The newly integrated service will be run in partnership with Optal, a world leader in optimising B2B transactions.

Perfect Channel is a unique and fast-growing tech business that designs, builds and hosts global dynamic marketplaces.

Users include leading marketplace operators such as Christie’s, Leaseplan, AgriClear and dairy auction platform Global Dairy Trade.

The Perfect Exchange platform has helped marketplace operators optimise billions in transaction value every year via flexible trading and matching mechanisms, said Mike O’Brien, COO at Perfect Channel.

For the platform to work as intended, it was essential to find a trusted partner to offer payment assurance for buyers and sellers, and ensure any new users of the platform could be on-boarded as quickly and efficiently as possible, O’Brien added.

Optal’s payment platform can offer a service where funds are held securely and ultimately, provide multiple payment options including automatically generated 16-digit, single-use payments and Digital Bank Payments.

We’re delighted to be helping Perfect Channel add value for its customers by providing our B2B payments service in the fast-growing market for digital trading and auction platforms, said Andrew Downes, general manager at Optal.

Buying via these marketplaces must be fast, simple and secure or businesses will simply steer away. With Optal, Perfect Channel can finally offer a platform which works with Amazon-like speed and efficiency, to minimise overheads and help drive revenue for all stakeholders, Downes said.

About Perfect Channel:

Perfect Channel is an expert in creating intelligent, enterprise-level auction and trading technologies for businesses. We partner with our clients to build global, dynamic marketplaces to reach new customers, optimise pricing and liquidity, and deliver real-time trading insight. Solutions include enterprise-grade auction and trading platform Perfect Exchange and intelligent analytics platform Perfect Insight.

For more information about Perfect Channel, visit www.perfectchannel.com

About Optal Ltd:

Optal is re-inventing how payment processes work across complex industries. By stripping payment processes of their customary inefficiency, Optal helps companies boost profitability across a growing number of sectors around the world. Optal issues Mastercard branded payment products, driving its focus on developing and bringing to market, game-changing payment solutions.

For more information about Optal, visit www.optal.com

 

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