PhotonPay Partners with VATAi to Drive Global Business Compliance Services
Company News | 2024-12-20 02:12:00
PhotonPay, an innovative digital financial infrastructure provider, has announced a strategic partnership with VATAi, a leading provider of tax services and compliance solutions for global e-commerce sellers. This collaboration integrates the strengths to address global fund management and business compliance challenges, empowering enterprises to streamline operations and expand seamlessly.
In recent years, global regulatory standards have grown increasingly stringent, with authorities intensifying efforts to address financial misconduct. Tax and compliance management has emerged as a critical issue for global businesses.
To navigate this increasingly complex landscape, enterprises need to enhance their tax and compliance processes, ensuring all global transactions and fund flows adhere to both local and international regulations. Partnering with reliable tax compliance platforms is essential, but equally critical is selecting a payment provider that delivers robust compliance solutions and facilitates secure, seamless international transactions—key factors in achieving sustainable business growth.
As a digital financial infrastructure service provider, PhotonPay offers global payment solutions to businesses with innovative core products, including Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. Since PhotonPay was founded, it has applied and obtained payment licenses or permits from Hong Kong, the United States, Canada, the United Kingdom, Poland and other countries and regions, and has collaborated with top-tier banks and global financial institutions. With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale.
VATAi is a leading provider of tax and compliance solutions for global e-commerce sellers. Its comprehensive suite of services includes VAT management, Extended Producer Responsibility (EPR), authorized representative services, trademark registration, and company incorporation. As a certified Amazon SPN Partner, VATAi has assisted over 8,000 businesses in navigating complex regulatory environments and ensuring full compliance with local regulations, helping them streamline operations and drive sustainable growth.
“This partnership allows PhotonPay to fully leverage the strengths of our card issuing solutions to address VATAi's challenges, including slow payment processing and high costs, empowering VATAi with faster, more cost-efficient payment capabilities across the world,” said Chao Xu, Vice President of PhotonPay, “With local collection services in over 14 countries and payment processing in 60+ currencies across 180+ regions, PhotonPay provides a seamless payment experience to simplify global payments for global businesses.”
The CFO of VATAi stated, “We are delighted to partner with PhotonPay, marking a significant step forward in improving the efficiency and compliance of global payments. As this collaboration deepens, we look forward to developing innovative solutions that streamline payment processes and strengthen compliance for global businesses. Together, we aim to provide enhanced support to global enterprises, empowering them to achieve sustainable growth and long-term success.”
About PhotonPay
Founded in 2015, PhotonPay is a digital financial infrastructure provider offering global payment solutions to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the Greater China region of Discover® Global Network.
With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale.
Headquarters in Hong Kong and providing localized services through nine international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 enterprises globally.
About VATAi
VATAi is a leading provider of tax services and compliance solutions for global e-commerce sellers. We offer a comprehensive service portfolio—including VAT, Extended Producer Responsibility (EPR), authorised representative, trademark, and company registration. As a certified Amazon SPN Partner, we help over 8,000 businesses navigate complex regulatory environments and ensure full compliance with local regulations.
Backed by $40 million in Series A+ funding and a dedicated R&D team of over 150 IT experts, VATAi delivers flexible, scalable and end-to-end solutions through its advanced SaaS platform. With operational offices in Europe, the United States, and Asia, we provide localised expertise and support to our global client base, ensuring professional, precise, and seamless service delivery wherever our clients operate.
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