The global commerce platform for Business Payments and Trade Management, MODIFI has strengthened its relationship with logistics and supply chain major, DP World by now offering API integration for transaction operations.
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The strategic partnership
This integration will benefit both companies by providing customers with an improved user experience, allowing them to perform multiple tasks from one platform.
MODIFI recently announced a strategic partnership with DP World Trade Finance to facilitate quick and seamless access to working capital for emerging-market small and medium-sized enterprises. DP World has a portfolio of 148 business units in over 60 countries across six continents. As one of the leaders in container terminal operations, it manages 93 million TEU of capacity. The API-integrated solution will help exporters and importers with a highly scalable and seamless payment experience.
The importance of the integration
Sinan Ozcan, Senior Executive Officer of DP World Financial Services, pointed out that the integration will help the company share client and transaction data with MODIFI on a real-time basis to reduce the time it takes in onboarding, credit approval, and financing transactions and ultimately provide the working capital at the right time to its clients. “Digitisation will transform the trade and logistics industry by reducing bottlenecks, providing greater visibility of cargo in the supply chain, and creating new efficiencies “
“ In order to strengthen our partnership with DP World Trade Finance and provide SMEs with easy access to finance, our API-integrated platform will help them manage multiple operations in one place,” Nelson Holzner, CEO of MODIFI added. Holzner remarked that with COVID-19 propelling digitisation, the idea is to enable SMEs across the world to have simplified transactions and operations which are cost-effective and time-efficient.
