Xero users can now invite their customers to
pay their foreign invoices using Midpoint
TORONTO,
March 3, 2016 /CNW/ - Midpoint
Holdings Ltd. (the "Company") (TSXV: MPT) – the world's first
authentic peer-to-peer ('P2P') international foreign currency and
payments platform, today announces that it has launched an add-on
application that enables users of Xero, the leader in online
accounting software, the opportunity to not only pay a foreign
supplier (creditor), but also send out a sales invoice from Xero to
their customers. This provides a "Pay Now" button included in the
email request which facilitates the customer using
Midpoint to pay a supplier requesting payment.
This is the latest development in the partnership
between Midpoint and Xero, which was announced in July 2015. The integration of the Midpoint
platform will enable Xero's 600,000+ subscribers to save money on
their foreign invoices through buying currency at the midpoint of
the buy and sell rate.
Brad Lemkus, COO of Midpoint, said:
"This development paints a picture of the future of e-invoice FX
payments. The process is easy and seamless, delivers unbeatable
value and simultaneously updates a user's Xero software, whether a
vendor or customer. This further re-enforces the partnership
between Xero and Midpoint in providing contemporary cost effective
solutions to the market by harnessing the power of Cloud-tech,
Peer-2-Peer connectivity and user friendly 'software as a service
applications (SAAS).'"
Gary Turner,
MD of Xero, commented: "A growing number of our small
business customers are trading overseas more frequently, so it is
therefore very encouraging to see Midpoint extend their Xero
integration with the launch of this new app."
If you would like more information about this
topic, please contact Bob Huxford,
Andrew Jones, or Robyn McConnachie at +44 20 7653 9850 or email
at midpoint@newgatecomms.com.
Notes to Editors
About Midpoint
Headquartered in London, Midpoint is an FCA authorised payments
institution with the world's first authentic peer-to-peer ('P2P')
foreign exchange marketplace. SMEs, overseas professionals,
property owners, foreign students, individuals and anyone involved
in international payments, use Midpoint's US patent protected
platform for transparent, multi-party, multi-currency services.
Midpoint is currently handling transactions in 17
countries with the ability to collect and transfer across 72
countries. This highly secure platform provides customers with
the most cost-effective FX at the midpoint of the interbank
buy/sell rate therefore removing the spread as well as hidden costs
and fees.
Midpoint Holdings Limited is listed on the TSX Venture Exchange
(Toronto) and cross-listed on the
Frankfurt Stock Exchange.
About Xero
Xero is an easy-to-use online accounting software
for small businesses and their advisors. The company has 600,000+
subscribers in more than 180 countries. Xero boasts more than 500
third-party integrations, and was ranked No. 1 by Forbes as the
World's Most Innovative Growth Company in 2014 and 2015.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Midpoint Holdings Ltd.
