Zycus, the pioneer in Agentic AI powered Source-to-Pay (S2P) solutions, has launched Zycus Pay, a new payment solution integrated with TransferMate, the world's leading provider of embedded B2B payments infrastructure as a service (IaaS). This addition allows clients to execute and manage B2B payments directly within the Zycus platform, streamlining global transactions.
Zycus Pay transforms payment processes by embedding TransferMate's robust infrastructure into the Zycus platform, allowing enterprises to handle transactions in more than 140 currencies and 200+ countries. Multiple methods, including instant and wire options, ensure flexibility while bypassing traditional manual steps, minimizing errors, and accelerating the overall Source-to-Pay workflow.
"With Zycus Pay, customers can now process payments directly within the Zycus platform, making it a fully automated and seamless experience to execute and manage B2B payments globally," said Bikash Mohanty, VP – Solution Consulting & Product Strategy. "Partnering with TransferMate has enabled our global customer base access to multiple payment methods, worldwide, all within a fully regulated and secure platform."
TransferMate's extensive network—featuring 98 licenses across 92 jurisdictions—powers Zycus Pay with secure, compliant capabilities for global payments, receivables, and stored funds. This integration equips software providers like Zycus with easy-to-use APIs, revolutionizing B2B operations by reducing administrative burdens and enhancing cost savings.
"Zycus Pay is all about giving procurement and finance teams the ability to manage payments without friction," said Gary Conroy, CEO, TransferMate. "The combination of Zycus's industry-leading S2P platform with our global infrastructure means less manual work, fewer errors, and more savings for clients – all delivered through a single embedded solution."
Zycus and TransferMate will demonstrate Zycus Pay at the Zycus Horizon 2025 event in California from September 22 to 24, introducing it to a worldwide audience of procurement professionals. This launch aligns with Zycus's broader AI-driven ecosystem, including the Merlin AI Agentic Platform, which automates processes from intake to payments.
Zycus Pay advances the Source-to-Pay landscape by unifying payments within an AI-powered suite, empowering teams to achieve greater efficiency, compliance, and value extraction. As enterprises navigate complex global transactions, this solution positions Zycus as a comprehensive partner for procurement excellence.
Zycus, recognized by Gartner and Forrester as a leader in procurement technology, empowers teams to unlock deep value through its comprehensive Source-to-Pay (S2P) solutions. At the heart of our S2P solution is the Merlin AI Agentic Platform, which orchestrates intelligent AI agents to deliver simplified, efficient, and compliant processes.
The Merlin Intake Agent offers business users unparalleled ease of use, increasing adoption rates and significantly reducing non-compliant spending. For procurement teams, Merlin Autonomous Negotiation Agent handles tail spend autonomously, securing additional savings. Merlin Contract Agent helps draft compliant contracts and reduces risks by actively monitoring them. The Merlin AP Agent further enhances efficiency by automating invoice processing with exceptional speed and accuracy. With the flexibility and autonomy of Merlin AI agents, teams can seamlessly guide workflows or delegate routine tasks for autonomous execution. Uncover the full depth of value and achieve procurement excellence with Zycus AI-powered S2P solutions.
TransferMate is a leading provider of embedded B2B payments technology, helping companies, software providers and financial institutions to streamline their global receivables, payments, and local account needs. TransferMate owns the largest E-Money / payment license network of any fintech, regulated in 92 jurisdictions and owning 98 licenses.
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