Cambridge Global Payments and ZipLingo Announce New Strategic Partnership

Rhea-AI Summary

Cambridge Global Payments, a FLEETCOR company (NYSE: FLT), has partnered with ZipLingo to enhance international payment solutions for the direct selling industry. This collaboration will integrate a powerful payment solution into ZipLingo's digital wallet, allowing payouts in over 145 currencies and facilitating local deposits in select regions. The new capabilities aim to improve user experience and streamline commission payments globally. Both companies expressed excitement about the increased global reach and tailored solutions for their clients.

Positive

• Partnership enhances international payment solutions for the direct selling industry.
• Integration into ZipLingo’s digital wallet allows payouts in over 145 currencies.
• Local deposits available in select countries and regions, catering to specific customer needs.
• Improved user experience for independent consultants in cross-border payments.
• Ability to pay field commissions in over 200 countries, reducing administrative burdens.

Negative

• None.

Cambridge Global Payments (“Cambridge”), a FLEETCOR company (NYSE: FLT) and a provider of integrated cross-border payments and currency risk management solutions, and ZipLingo a provider of integrated business solutions to help direct selling companies increase revenues and brand awareness, are pleased to announce they have partnered to develop an enhanced international payments solution targeted at the direct selling industry.

This partnership will deliver a strong payment solution within ZipLingo’s digital wallet, allowing payout in more than 145 different currencies, with local deposits available in certain countries and regions. In addition, this enhanced solution can be tailored to each customer’s specific needs.

“We’re incredibly excited about our integrated partnership with ZipLingo, as our combined capabilities offer a completely new and refreshing way to provide payee optionality, while improving the overall user experience for independent consultants “ said Frank Mannarino, VP, Channels & Alliances, Cambridge Global Payments. “The solution stack powered by Cambridge offers payment delivery to over 200 countries, in over 145 currencies, which will enable direct selling organizations the ability to seamlessly pay their field commissions anywhere around the globe, while removing the administrative burden and friction that are typically associated with cross-border money movement.”

“We’re thrilled to be working with Cambridge to improve our digital wallet user experience. Cambridge has been able to increase our global reach to payout in more countries and currencies than we ever thought possible,” said Matt Marchbanks. “These improved capabilities will allow us to offer our direct selling clients payment technology that cannot be matched.”

About Cambridge Global Payments

Cambridge Global Payments, a FLEETCOR company, is a leading provider of integrated cross-border payment services and currency risk management solutions. As a trusted partner for more than 25 years, Cambridge delivers innovative solutions designed to mitigate foreign exchange exposure and address unique business needs. Our award-winning capabilities and industry-leading technologies simplify the way businesses connect with the global marketplace. As one of the largest bank-independent providers globally, we are flexible and responsive, with offices and applicable licensing and regulatory approvals across North America, Europe, and Australia. Learn more at cambridgefx.com and follow us on Twitter and LinkedIn.

About ZipLingo

Creating a company or brand experience attracts and keeps passionate distributors. Part of that connection is a strong and dynamic interface through technology. The best companies attract and engage their distributors with multifunctional tools to operate their business. Founded in 2008, ZipLingo has developed innovative direct selling digital tools to help organizations communicate, compensate, and support their independent consultants.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210223005075/en/

FAQ

What is the FLT partnership with ZipLingo about?

The partnership focuses on developing enhanced international payment solutions for the direct selling industry, integrating into ZipLingo's digital wallet.

How many currencies can Cambridge Global Payments process?

Cambridge can process payouts in over 145 different currencies.

What are the benefits of the Cambridge and ZipLingo partnership?

The partnership allows for tailored payment solutions, improved user experience, and the ability to seamlessly pay commissions globally.

When was the partnership between Cambridge and ZipLingo announced?

The partnership was announced on February 23, 2021.

What is the main objective of the partnership between FLT and ZipLingo?

The main objective is to enhance the payment experience for direct selling companies by offering integrated and efficient cross-border payment solutions.