Pay4 selects EQ Global as payments processor
Written by Chris Lemmon
UK-based SME lender Pay4 has signed a partnership deal with EQ Global to act as its global payments processor.
Founded in 2013, Pay4 offers a revolving credit facility for growing UK businesses to pay for goods or services. Funding is accessed by settling supplier invoices via an online platform. In 2017, Pay4 has achieved quarterly growth in transactions of over 150 per cent.
The partnership between EQ Global and Pay4 will increase the speed and efficiency with which Pay4 can process payments for their customers, which benefits Pay4’s customers and their suppliers.
Rob Keown-Boyd, CEO and co-founder of Pay4, said: “EQ Global has an unrivalled global reach, offering payment services to almost 180 countries, in 130 currencies. This, combined with their ability to deliver payments simply, quickly and efficiently, makes them an ideal payment processer for Pay4 and our customers. We’re looking forward to working closely with EQ Global on further collaborations in the not too distant future.”
Nick Pedersen, managing director of EQ Global, added: “We are very excited to be working with a market leading business finance provider, and are delighted to help enable their future growth. We will strive to bring efficiency and automation to Pay4’s payment processing in the short term, and are particularly interested in developing joint solutions to solve the payment and financing needs of multiple businesses in the medium term. Watch this space…”