Xero CEO upbeat on US payment push despite margin squeeze from Melio deal

Xero CEO Sukhinder Singh Cassidy told CNBC’s Squawk Box Asia she remains bullish on the company’s US payments strategy following the $2.5 billion acquisition of Melio, despite a short-term margin squeeze. The New Zealand-based accounting software firm sees the deal as a key move to strengthen its foothold in the North American market.