XSquare has chosen Reltime’s Layer-1 Blockchain platform to enhance its borderless B2B payments solutions. The partnership aims to bring advanced security, transparency, automation, and accuracy to XSquare’s services, including transaction processing and ledger management. XSquare, a B2B payments fintech based in Dubai, is dedicated to simplifying B2B payments and reporting for SMEs while also offering efficient solutions for businesses globally. The collaboration with Reltime, a renowned Web 3.0 and Layer 1 Blockchain platform, will revolutionize the B2B and cross-border payments landscape.
The demand for B2B payments in the Middle East and Africa region is estimated to be a staggering USD 18 trillion, and XSquare aims to tap into this market by providing efficient and cost-saving solutions for businesses. By leveraging Reltime’s modern Layer-1 Blockchain platform and its suite of applications, XSquare intends to offer valuable services to its customers, such as SuperApps, wallets, and white-label options. This collaboration will empower businesses with streamlined payment processes, enabling them to focus on their core activities.
Marlene Julo, CEO of Reltime, expressed excitement about implementing their platform in the high-growth B2B and cross-border payments market. The Web3 platform services and APIs provided by Reltime have garnered strong interest from companies in various sectors globally, particularly in the Middle East and Africa. Narendra Nandal, Founder & CEO of XSquare, echoed these sentiments, highlighting the immense value Reltime’s Layer-1 Blockchain platform offers to their customers.
The partnership has identified multiple key use cases and plans to conduct the first customer pilot programs around the summer of 2024. With XSquare’s expertise in B2B payments and Reltime’s advanced blockchain platform, this collaboration promises to revolutionize payment solutions and drive the digitization of supply chain management, tokenization, asset ownership, and global trade.
XSquare, licensed as a mainland company under the Dubai Economy and Tourism, aims to support SMEs and businesses by simplifying their day-to-day accounting and payments, allowing them to focus on business growth. Their omnichannel platform offers a fast, secure, and convenient way for businesses to send and receive payments, integrating easily with accounting software, CRM, and ERP systems to provide real-time reports and insights on cash flows.
Reltime, on the other hand, is disrupting the financial and digital services industry with its advanced Web3 platform. Their Layer-1 Proof of Authority Blockchain, combined with a range of applications such as non-custodian wallets, SuperApp, loyalty programs, and payment solutions, positions Reltime at the forefront of the digital age. The incorporation of decentralized identity ensures secure and seamless trade in various industries.
Both XSquare and Reltime are dedicated to providing innovative solutions that enhance the efficiency and convenience of B2B payments, driving growth for businesses and transforming the future of cross-border transactions.
For more information about XSquare, please visit: [https://www.xsquare.biz](https://www.xsquare.biz)
Press Contact: Narendra Nandal, narendra@xsquare.biz
For more information about Reltime AS, please visit: [https://www.reltime.com/](https://www.reltime.com/)
Press Contact Reltime: Bishwajit Choudhary, bc@reltime.com
