Euronet launches B2B payments platform Dandelion
Euronet Worldwide, Inc. (NASDAQ:EEFT) announced today the launch of Dandelion – a payments platform that modernizes the way fintechs, banks, ERPs and tech platforms can integrate business and consumer cross-border payments into their products.
Dandelion delivers real-time, global connectivity to enable access to new markets as a turnkey solution, eliminating the need for a massive investment of resources and accelerating the time to revenue for the customers of financial platforms. Now, Dandelion offers businesses a platform that helps them better serve their customers with:
- Global Reach: Dandelion provides direct connections to local payment rails across 162 countries – even difficult-to-reach emerging markets.
- Real-Time Payments: With its unparalleled global infrastructure, Dandelion has direct, end-to-end connections. Good funds are delivered in minutes (or even seconds) to business or consumer accounts.
- A Single, Easy-to-Use Technology Integration: Dandelion offers a single, customizable API for easy integration. The developer portal enables state-of-the-art monitoring and real-time support before and after go-live, making it easy for companies to deploy natively from their platform, for a seamless customer experience. In addition, while the API is fully compliant with ISO 20022 – the global open standard for payments messaging – the framework’s flexibility also enables fast and easy integration into other global systems that adhere to different standards.
- Transparency: Unlike other payment options, Dandelion follows the live status of the payment, for customers who want full visibility into the status of their payments. Dandelion eliminates hidden transfer fees, improves exchange rates and drives down cost per transaction.
- Integrated Compliance Capabilities: Dandelion leverages Euronet’s world-class compliance experience and localized expertise around the globe.
- Built-in settlement: Dandelion also enables instant settlement of cross-border payments, removing the need to establish thousands of relationships with correspondent banks and partners.
By Q1, 2022 Dandelion expects to have the ability to deliver real-time payments to countries representing more than 80 percent of the global GDP. Combined with this reach, Dandelion uniquely integrates value-added capabilities including compliance and foreign exchange management.
Dandelion is available now to a wide range of businesses looking to instantly expand their global payments footprint or improve the efficiency of their international payments. Current Dandelion customers using the platform include Azimo, Bnext, Libro, Microsoft Dynamics, Nickel (an internet bank), Remitly, Sage Intacct, Xoom/Paypal and more.