Digital payment platform Payoneer has launched new service for US businesses of any size to send international payments.

The new service allows SMBs to send payments to vendors, suppliers, and contractors anywhere in the world rapidly at low cost.

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Businesses in the US can send payments to any of their suppliers, establish recurring payments to pay regular retainers, send batch payments when needed to pay several recipients at once, and track the transactions.

Payoneer has unveiled several partnerships to simplify financial management for US businesses.

The company has partnered with commercial card startup Brex to facilitate international business payments to contractors.

Payoneer VP, regional head of Americas Iain McNicoll said: “These new capabilities and partnerships fuel our mission to empower businesses to grow.

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“More than ever, we’re focused on the US business community, and are making investments in helping them address the challenges of a digital, global world. By giving them access to the tools they need to expand and streamline operations, we continue to be the partner for growth for US businesses.”

The new services and partnership allow Payoneer to extend the range of tools available to US businesses seeking to compete on a global scale.

Payoneer said its digital platform streamlines global commerce for millions of small businesses, marketplaces and enterprises from 200 countries and territories.