Coupa Software, a provider of business spend management solutions, has teamed up with TransferMate, PayPal, as well as Stripe to boost its B2B payments capabilities.
The collaboration with TransferMate will power cross-border payments within Coupa Pay in more than 100 countries.
Through the partnership, TransferMate will also support domestic payments in dozens of countries.
TransferMate CEO Sinead Fitzmaurice said: “TransferMate’s payment technology, combined with Coupa’s best-in-class BSM platform, provides customers with a comprehensive global payment experience, delivering cost savings, increased speed, and immediate reconciliation.”
The partnership with Stripe will enable suppliers to register their Stripe account with Coupa Pay as the preferred acceptance option for virtual cards.
As a result, suppliers can get payments directly into their bank account every time a virtual payment is sent by Coupa to a Stripe-registered supplier.
This is said to lower suppliers’ time for accepting virtual payments.
The partnership with PayPal will enable businesses to connect their PayPal accounts to Coupa.
Commenting on the alliance, Coupa senior vice president of business acceleration Ravi Thakur said: “As a leading global brand and payments innovator, PayPal will provide our community of buyers and suppliers the flexibility, simplicity, and security they need to pay and get paid smarter.”