Business

Multicurrency Virtual Credit Card Service is Effective in Reducing B2B Cross Border Payments Cost

Published

5 years ago

February 7, 2020

Multicurrency virtual credit card service is expected to witness an increase in its demand because of its effectiveness in slashing the costs of the international payment. Airwallex, a Hong Kong-based startup known for providing integrated solutions to businesses while carrying out cross-border transactions has decided to partner with Visa for a multicurrency virtual card to ease B2B payments. Known as Airwallex Borderless Card, the resultant product will help businesses to enjoy international payments at competitive rates.

Due to the linking of the virtual payment accounts with foreign currency accounts, it will simply become possible for businesses to take advantage of international foreign exchange rates while making payments. In addition to this, it will help businesses to set transaction limits, include currency and merchant types, enjoys more control on payments, and improve online security by preventing risks of fraudulent transactions.

The new product will be made available in Australia and later on, the same will be done in the UK and Hong Kong. Jack Zhang, the CEO and co-founder of Airwallex has said that the entire motive of Airwallex is to introduce a global financial infrastructure to help businesses witness growth without any difficulty. The partnership with VISA will help to execute this task in an easy manner.

A lot of online services are offering people the chance to buy a prepaid virtual visa gift card with Bitcoin in order to make payments in cryptocurrencies. Express Cards simply help to get virtual cards that provide similar benefits as that of using plastic cards. Express Cards platform offers low fees, faster transactions and high security in online transactions.

Business

Derik Fay: A Multifaceted Entrepreneur, Investor, and global business leader

Published

10 mins ago

March 21, 2025

Matthew Wiles

Derik Fay is a renowned celebrity entrepreneur, investor, and business leader with a diverse portfolio of successful ventures and a deep-seated passion for empowering others. His journey from humble beginnings to his extraordinary achievements is a testament to his resilience, strategic thinking, and unwavering commitment to making a positive impact on the world.

Born on November 19, 1978 and raised in Westerly, Rhode Island, Fay’s entrepreneurial spirit emerged at a young age. He founded his first large company at 22 (Around the Clock Fitness) that quickly became Floridas largest, and most successful independently owned fitness chain in the state before selling it to the publicly traded company Towns Sports International in 2109.

Sine that time he has built and scaled over 30 highly successful companies, achieving remarkable exits in the 7-to 9-figure range. His expertise spans various industries, including health & fitness, real estate, financial services, hospitality, and technology to name just a few.

Fay is also the founder and CEO of his main holding company 3F Management, (founded 2094) a venture capital and operational management firm that provides operational infrastructure, financial support, strategic partnerships, and other value add services directionally focused towards scaling and exiting.

Under the umbrella of 3F Management, Fay currently owns, is a co-owner, or is a cap table advisory member of over 40 other successful and growing brands.

Tycoon Payments, Results Roofing, BKFC, ManCandy, Fort North Media, Spintel, SendBuzz, Ritas Italian ice, FayMS Films, Eratyc Entertainment, Tycoon Funded, Pure Peptide Solutions, and 3F Financial, are just a few of the rapidly growing companies and brands that fill Fay’s entrepreneurial days.

Beyond his business ventures, Fay is a dedicated philanthropist, actively supporting various charities and causes. He is passionate about empowering the next generation of entrepreneurs and believes in the power of education and mentorship to create positive change.

Fay’s personal life is as fulfilling as his professional achievements. He is a devoted father to his two daughters, Sophia Fay (18) and Isabella Fay (16), and is engaged to his fiancée, Shandra Phillips (35) and is to be married in January 2026, in Naples Florida.

He enjoys spending time with his family, traveling, and pursuing his life long passion of health and fitness thru weightlifting and bodybuilding.

Derik Fay’s multifaceted career and unwavering commitment to excellence has established him as a respected figure in the business world, and a has gained global notoriety as role model for aspiring entrepreneurs.

His story is such an inspiration to all who seek to overcome challenges, achieve their goals, and make a meaningful impact on the world that Netflix is in post production on the documentary style film about Fays life journey from poverty to global success.