As the saying goes, “the times they are a-changin’”, and two companies are proving this to be the case with their radically different business moves. Brex, the payments fintech, and Mesh Payments, a treasury management solution, are both expanding their offerings into entirely new territories.
Brex has recently announced that they are breaking into the group events space, offering their customers a simplified payments solution to quickly and easily process payments from multiple individuals. The small business segment is becoming increasingly important for the company, and this new product launch aims to be an effective tool for companies of all sizes, allowing customers to set up budget indexes, transfer funds to other members, and send notifications quickly and securely.
Meanwhile, Mesh Payments has taken a different path and is getting set to launch its first foray into the travel market, offering its customers a fast and easy way to pay their employee expenses while traveling. The platform is being powered by new app technology that allows users to securely and quickly process payments while on the move, quickly accessing cash and getting billed in the local currency.
The two companies are proving how flexible and fast-moving the payments industry is becoming. Brex’s move into group events is a smart move, given the growing need for a fast and secure payments solution for teams. Mesh Payments’ foray into travel is also a smart move, as it gives users the access to payment options they need while they’re away from home.
As the two companies move into distinct and separate markets, their combined actions show that companies in the payments industry are being increasingly innovative and adaptive with their products and services. It’s a sign of the ever-evolving nature of the sector, and proof that you never quite know what the future may hold.
