Business-to-business payments firm Payoneer has registered phenomenal growth in 2018, according to its Country Head (India), Rohit Kulkarni.

He told BusinessLine over phone, that the B2B payments platform, enabling online money transfer and digital payment services sees India as an important market. The company targets freelancers who work for international clients, exporters and small service companies to send and receive funds into their bank accounts.

“We don’t do P2P payment like sending money to parents,” Kulkarni clarified.

With 12 offices globally, Payoneer operates in 200 countries and 150 currencies, he said and pointed out that through the global payment service, customers will be able to receive payments from companies in the US, Europe, the UK, Japan, Canada and Australia.

“We also offer billing service which gives customers the ability to send a customised invoice (to their client) and request them to make the payment directly through Payoneer dashboard. Client companies can make the payment online using international credit or debit card/bank account. The dashboard helps send reminders for unpaid invoices, and keep track of all receivables,” Kulkarni said.

“As sellers expand across different market places, they will need to have access to tools and products that help them manage the different stores in a single place. Through Store Manager, customers would be able to track payments across multiple geographies, download Payoneer bank statement at the click of a button and at no extra cost. We have developed an ecosystem for the MSMEs, localised the product for India market, invested in educating potential customers especially in tier-II and III towns to enable them tap newer markets,” he added.

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