SUNRATE has expanded into global acquiring after acquiring a payments team with established acquiring systems and merchant operations.

The acquisition adds acquiring as a new business line for the payments and treasury management platform.

The team brings more than a decade of industry experience and supports merchants across sectors including cross-border e-commerce, online education, gaming, software and SaaS, travel platforms and new retail brands.

SUNRATE said the team operates a production-ready acquiring setup that has been used in live operations across multiple markets.

Its capabilities include card scheme connectivity, local payment method integration, fraud prevention and regulatory compliance.

The unit will operate as SUNRATE’s Global Acquiring Business Unit and work with the company’s compliance, technology and global network teams.

SUNRATE is a principal member of Mastercard, Visa and UPI and said it is progressing towards acquiring memberships with additional international card schemes.

“Looking ahead, SUNRATE will continue to invest in product and service innovation, including the application of AI and other advanced technologies.

We will also expand our service boundaries through strategic partnerships or acquisitions, further strengthening our global footprint and long-term capabilities,”

said Paul Meng, Co-founder of SUNRATE.

With the launch of global acquiring, SUNRATE said it now offers a more integrated payments setup that allows enterprises to manage payment acceptance, reconciliation, settlement, cross-border clearing and local payouts through a single platform.

Featured image: Edited by Fintech News Singapore, based on image by Trend2023 via Freepik