MODIFI, the global commerce platform for Business Payments and Trade Management, has expanded its relationship with DP World, a worldwide player in logistics and smart supply chain services, by now offering API integration for transaction operations. This integration will benefit both companies by providing customers with an improved user experience, allowing them to perform multiple tasks from one platform.
In May 2022, MODIFI announced a strategic partnership with DP World Trade Finance to facilitate rapid 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. The global leader in container terminal operations manages 93 million TEU of capacity. The API-integrated solution will help exporters and importers with a highly scalable and seamless payments experience.
Sinan Ozcan, Senior Executive Officer of DP World Financial Services, outlined the importance of API integration between Financial Institutions and DP World Trade Finance. “We’re pleased to announce the successful integration between DP World Trade Finance and MODIFI via API. This integration will help us 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 much-needed working capital at the right time to our 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.”
Nelson Holzner, CEO of MODIFI said, “We strive to provide high quality and seamless experience to our customers. 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. With COVID-19 propelling digitization, our mission is to enable SMEs across the world to have simplified transactions and operations which are cost-effective and time-efficient.”
Jan Wehrs, CTO of MODIFI said, “Offering our services via API on our partners’ platforms enables customers to use MODIFI right where they usually do business. The customer will stay on the partner’s platform all the time, thus saving time and effort through an integrated approach as well as benefiting from a seamless experience. We are happy to partner with DP World Trade Finance and to further strengthen our position as the provider for Business Payments for Global Commerce.”
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