Payhawk partners with J.P. Morgan Payments to boost innovation

Payhawk has teamed up with J.P. Morgan Payments to enhance its global payment services for enterprise customers. Through J.P. Morgan Payments’ APIs, Payhawk will soon offer customers the ability to store, exchange, and send money in over 30 currencies within the platform.

This collaboration allows Payhawk, which holds an EMI licence in the UK, to gain greater control over its payment stack and improve access to payment networks. The partnership will enable the company to enhance its payment offerings for customers, streamlining operations and expanding capabilities.

J.P. Morgan Payments will provide Payhawk with a range of banking services through its API, including access to multi-currency bank accounts, safeguarding of funds, and domestic payment rails—services that were previously handled by third-party BaaS providers.

Hristo Borisov, CEO and Co-founder of Payhawk, commented:

“Our focus on mid-size and enterprise customers requires the highest standards and trust in our banking partners. J.P. Morgan’s global reach and currency capabilities will enable us to offer more features, making payments easier for our multinational clients.”

Jason Clinton, Head of Europe Financial Institutions Group and Global Head of Non-Bank Financial Institutions at J.P. Morgan Payments, added:

“This collaboration will enhance Payhawk’s access to payment networks, providing their customers with a smoother experience managing global transactions.”

Payhawk will continue working with J.P. Morgan Payments to introduce additional features, including enabling customers to store, exchange, and send money in 30+ currencies, offering more flexibility and lower-cost international transactions.

With this partnership, alongside its recent achievements like acquiring a UK EMI licence and joining Visa and SWIFT, Payhawk is solidifying its position as a leading global financial services provider.

J.P. Morgan Payments delivers comprehensive financial services including treasury management, trade and working capital solutions, and payment services, processing nearly $10 trillion in payments daily across more than 160 countries.