Payments platform Modulr has secured Visa Ready certification, which will enable it to extend its services to small businesses in the UK and EU.

The company, which provides a Payments-as-a-Service API platform for digital business says the certification will enable businesses to automate payment flows, embed payments within their proposition and launch new features and services.

Recent research from Modulr highlighted the pressure SMEs face in curbing the rising cost of payment services on the one hand and meeting rising customer expectation of payment experiences on the other.

Jill Docherty, head of business development, UK&I at Visa said: “We’re delighted to be part of Modulr’s continued growth and proud they have achieved Visa Ready certification. Small businesses continue to be some of the hardest hit by the pandemic and together with Modulr, we’re committed to supporting them as they build for recovery.

“Through this extended partnership more businesses will be able to access the crucial tools and resources they need to benefit from the digital economy.”

Myles Stephenson, chief executive at Modulr said: “Securing Visa Ready certification is a critical step in achieving our goal of striving for greater innovation and payment improvements across the industry for every size of business. Working with Visa, our mission is to further expand our platform in the coming months so every UK and EU business can easily and efficiently benefit from the power of embedded payments.”

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