European direct selling company PM-International AG has selected Hyperwallet to provide its global network of Team Partners with unified, multi-currency commission payments.
PM-International sells health, beauty and wellness products through its Team Partners in 35 countries across Asia, Europe and North America. It will first deploy Hyperwallet’s payment services to direct-to-bank local bank deposits this month, with branded prepaid cards to follow afterward.
With Hyperwallet’s branded payment solutions, PM-International’s Team Partners will have the choice to receive their earnings either directly to their local banks or onto their PM-International’s branded prepaid cards.
“Our Team Partners are our most valuable asset,” said Rolf Sorg, Founder and Chief Executive Officer of PM-International. “Paying them in a convenient and speedy manner is a high priority for us. Hyperwallet’s solutions deliver on both of these important criteria, and provide a great branding opportunity with the 100,000+ branded prepaid cards we will be distributing soon.”
Peter Burridge, President and Chief Commercial Officer of Hyperwallet, commented: “We are delighted to be PM-International’s global payments partner as they continue to grow and modernize their business. We believe our flexible payment solutions will encourage greater Team Partner loyalty and retention, while simultaneously providing the infrastructure to support PM-International’s continued business growth.”
Hyperwallet’s payments platform and global settlement network allows businesses to distribute funds across over 170 countries in more than 150 currencies. Its flexible mass payment options include local bank deposits, international wire transfers, branded prepaid and virtual cards, custom checks, cash pick-up services, and pay to existing card capabilities.
Ellie Dautner, a finance postgraduate from the University of San Diego, is an expert journalist in fintech and mobile payment technology. She specializes in writing about fintech, mobile payments, startup funding, and acquisitions.