Spenda & eBev to offer integrated payments solutions to the hospitality sector

By Gloria Mathias

Spenda has entered into a binding MoU with eBev to provide integrated payment solutions across the eBev marketplace, which encapsulates the entire supply chain from the distributor to licensed premises and through to the end consumer.

eBev.com (eBev) is a software provider with a platform that enables licensed premises to order alcoholic beverages from eBev’s approved catalogue.

Spenda will integrate its Pay-Statement-By-Link (PSBL) and Accounts Payable (AP) payments solutions into the eBev platform across the hospitality supply chain.

eBev and Spenda will supply licensed premises with merchant services that enable them to take B2C payments via both physical and virtual terminals, as well as e-invoicing services and payment services. In addition, licensed premises will be subject to credit approval, and have access to card-blended finance (trade) accounts using Spenda’s lending and card-blended finance, which will enable them to purchase goods from the eBev platform on standard statement terms via the Spenda Pay-Statement-By-Link product.

Spenda, through its partner AirPlus, will provide extended terms of trade to eBev customers through the provision of pre-approved virtual Mastercards (card-blended trade finance).

lan Harris, CEO of eBev, said: “In these more challenging economic times, businesses look for ways to save time and money and manage their cash flow. This partnership with Spenda enables eBev to continue evolving our offerings to the eBev marketplace. Spenda has been a critical partner in our growth over the last two years, and building a deeper partnership will be key to delivering ongoing value to our customers.”

Spenda, Managing Director, Adrian Floate shared, “Expanding this partnership with eBev reflects further market validation of our unique payments solution across distributed networks in different industry verticals. Our solutions are well suited to the hospitality industry, which has an integrated network of buyers and sellers through the supply chain. eBev has done a fantastic job of growing its merchant base and ordering volumes. This partnership with eBev, in addition to recent agreements with Carpet Court, AgriChain and Capricorn, demonstrates our ability to keep layering recurring revenue streams.”