Pay.com taps Cross River for US expansion

Pay.com, a UK-based payments platform for businesses, has partnered with New Jersey-based Cross River Bank to expand its services in the US. Cross River Bank will provide technology infrastructure such as scalable embedded payments, cards, and lending solutions to enable Pay.com’s international expansion.

The partnership began in July 2022 and will allow the payment service provider’s merchants to accept multiple payment methods, including digital wallets and ACH transfers. Cross River’s API infrastructure will also allow Pay.com to offer customer-centric payments capabilities, facilitating embedded financial solutions for merchants and businesses.

Cross River CEO Gilles Gade says the company’s compliance, payments, and technology infrastructure will help Pay.com scale and reach new markets, while Pay.com CEO Assaf Cohen says Cross River’s regulatory infrastructure and expertise in embedded finance will enable the firm to grow and offer access to the latest payment technologies.