Cambridge payments solutions provider Monavate announces the launch of its new Supply Chain Payments division

In brief:

-It will bring new, vertical-specific payments solutions to businesses in sectors such as travel

-Monavate has appointed Anant Patel, an established payments expert with over two decades of global experience, as President of the new division.

-This latest expansion signals Monavate’s accelerated growth

What does this mean?

“In today’s dynamic business landscape, where the global B2B payments market ranges from $100 trillion to $150 trillion, there is a growing need for efficiency, innovation and a departure from outdated workflows and practices that pose barriers and add risk to businesses. My decision to join Monavate is rooted in my first-hand experience as one of their valued customers. Throughout this journey, I have witnessed the exceptional culture at the organisation, making it a place where excellence flourishes. Together, we will drive innovation and create solutions in supply chain payments, empowering businesses across the globe to thrive in an ever-evolving market,” said Anant Patel, President of Supply Chain Management at Monavate