ATLANTA, September 18, 2018 – PPRO Group, a cross-border e-payment specialist, has formed a partnership with Credorax, a European merchant acquiring bank, to grow its Alternative Payment Methods (APMs) offerings across Europe. PPRO’s wide variety of APMs will now be extended to Credorax’s merchants and payment service providers (PSPs).
The partnership between PPRO Group and Credorax will expand the highly active APM landscape in Europe. According to PPRO research, an equal percentage of Europeans make payments with e-wallets or bank transfers (21 percent each) compared to credit cards (42 percent). Further insights from PPRO also reveals that more than 50 percent of existing online transactions are made using APMs – sometimes even foreign to Western and global companies.
“Offering consumers alternative payment methods have rapidly evolved from a ‘nice-to-have’ solution to an absolute expectation in today’s e-commerce environment,” said Nir Levy, Head of Product & Professional Services. “The partnership with PPRO further strengthens Credorax’s strong belief in arming our merchants with every tool they need to succeed with their consumers. Any APMs our merchants need, we are ensuring together with PPRO, they can seamlessly provide to their customers.”
“Businesses embracing alternative payment methods will retain customers and win new ones,” said James Booth, PPRO’s Vice President and Head of New Business. “Merchants who want to thrive need to accept APMs and the other popular methods of payment in their region. We look forward to offering merchants a larger variety of APMs through our partnership with Credorax.”
Credorax’s single integration acquiring platform offers a unified experience for merchants that includes reporting and reconciliation. Credorax provides the accurate and customized data needed to make strategic business decisions while driving efficiency. The partnership will provide this service across PPRO’s wide infrastructure, allowing a greater number of merchants to have access and provide the best solution for their customers spanning alternative and card payments.
The new alliance with Credorax reaffirms PPRO’s pledge to provide best-in-class global payment solutions by offering a breadth of more than 140 alternative payment schemes throughout 175 countries. In doing so, partners like Credorax can remain focused on evolving the products and services that best meet their merchants and PSPs.
For more information or to arrange a discussion with PPRO and Credorax executives regarding their partnership and the state of APMs, please contact Nikkia Adolphe, PR Director, Media Frenzy Global at firstname.lastname@example.org or 678-367-0043.
About PPRO Group
Cross-border e-payment specialist, PPRO Group , (PPRO) removes the complexity of international e-commerce payments by acquiring, collecting and processing an extensive range of alternative payments methods for Payment Service Providers (PSPs) under one contract, through one platform and one single integration. PPRO supports international payment methods across 175 countries, allowing PSPs to expand their merchants’ e-commerce reach, arrange hassle-free collection and achieve higher conversion rates.
PPRO also issues Visa and Mastercard consumer prepaid cards, under its own brand name VIABUY, and enables B2B prepaid cards, under its CROSSCARD and FLEETMONEY brands, which can be issued both physically and as virtual cards or NFC devices (as stickers).
Founded in 2006 and headquartered in London, PPRO is an e-money institution regulated by the UK’s Financial Conduct Authority and headquartered in London. For more information, please visit www.ppro.com or follow us on Twitter @ppro_group..
Founded in 2008, Credorax is one of the first technology companies in the world to have evolved into a licensed commercial bank that specializes in merchant acquiring, as well as the first bank developed specifically for the e-commerce sector. It holds merchant acquiring banking licenses in 32 countries across Europe. For more information, please visit www.credorax.com or follow us on Twitter @credorax.
Media Frenzy Global