Fintech company Fumopay chooses an acquiring partner for its Open Banking payments
In a recent development, the fintech company Fumopay has announced a partnership with Cashflows, a leading provider of payment acceptance solutions. This strategic alliance aims to enhance integrated checkout options for merchants, offering a wide range of payment methods and improving payment efficiency.
Kevin Ludford, the founder of Fumopay, has commented on the partnership, expressing his excitement about the collaboration. He believes that this partnership will allow merchants to take advantage of the functional and commercial benefits of both card payments and Open Banking payments.
Cashflows, known for its robust acquiring capabilities, will provide payment acceptance services for merchants through its own acquiring platform and gateway. This partnership will enable businesses using Fumopay's single integrated checkout solution to accept both card payments and instant bank payments via a unified interface.
Last year, Full Power Utilities, a provider of commercial energy services to UK businesses, integrated Fumopay into its enterprise resource planning (ERP) platform, replacing PayPal. The move was aimed at improving payment processing speed, reducing payment friction, and providing access to multiple payment channels.
The partnership between Fumopay and Cashflows is expected to drive better experiences and increased revenue for merchants. Paul Clarke, the chief growth officer at Cashflows, has commented on the partnership, stating that it is beneficial for both companies. He is enthusiastic about the future of the partnership as both companies continue to grow.
Ludford further stated that accepting card payments still needs to exist, even with the benefits of Open Banking. He believes that this partnership will provide merchants with a more secure and flexible payment environment, enhancing the customer checkout experience.
This partnership is a significant step forward for both Fumopay and Cashflows, as they continue to expand their offerings and improve the payment landscape for merchants and consumers alike. For more detailed information about the specific benefits of this partnership, we encourage readers to check official press releases or announcements by Fumopay and Cashflows.
- The partnership between Fumopay and Cashflows, driven by the aim to improve payment efficiency, will further allow merchants to leverage the advantages of both card payments and Open Banking payments, thereby transforming the payment landscape in the fintech industry.
- In the ever-evolving business world of technology and finance, this collaboration between Fumopay and Cashflows signifies a leap forward, offering unified payment acceptance services for businesses and providing a broader range of payment options through a single integrated checkout solution.
- At the Fintech Expo next month, both Fumopay and Cashflows are expected to showcase their partnership and its impact on enhancing payment experiences for merchants and consumers, paving the way for increased revenue opportunities.
- Despite the advancements in Open Banking, the integration of card payment solutions by Fumopay and Cashflows in their partnership ensures a flexible and secure environment for customers, ultimately striving to improve the checkout experience across the board.
