March 3rd, 2020 – Toronto; Jersey City: MTFX Group, a leader in corporate foreign exchange and global payments, today announced its launch of PayMyMedicalCare (PMMC), a new industry vertical within the MTFX Group’s set of solutions, enabling them to expand their footprint into international healthcare payments for the first time. The launch of PMMC will allow the company to bring their next-generation payments technology into a new industry vertical to aid in elevating the friction that exists within international healthcare payments today.
“Expanding into international healthcare payments, by way of PayMyMedicalCare, has been an ambition for us for the last few years,” said Arif Harji, Chief Market Strategist at MTFX Group. “Our vertical-specific solutions that we have developed for corporations, travel and education, have paved the way for us to build onto our global payments infrastructure and aid in improving healthcare payments with an efficient and cost-effective alternative.”
The healthcare payments category is riddled with challenges affecting both customers and patients. Inefficiencies commonly develop due to limited acceptance of payment methods, mistrust in the billing system, paper based and manual ways of doing business, supplier’s system of records and major issues within the billing cycle.
PMMC will now enable partner healthcare institutions across North America with a unique customer-first payment solution focused on speed to market, cost efficiencies and overall data transparency. This combined with MTFX Groups industry-leading 24/7 customer service will remove the friction that is synonymous with settling healthcare payments across borders.
MTFX Group has already onboarded several healthcare industry clients across the United States and Canada. They are anticipating significant growth within the next 12 months for this new vertical within the company.
MTFX Group is a leading provider of integrated cross-border payments and receivable solutions. As a trusted partner for more than 24 years, MTFX Group delivers innovative solutions and processes billions in payments yearly. MTFX Group offers award-winning capabilities and industry leading technologies in just about every business category. We support our clients with end-to-end multilingual customer support and online payment tracking capabilities that are available 24/7. As a proven payment disruptor, we are flexible and responsive, with offices and applicable licensing and regulatory approval in the United States and Canada.