Payment service provider Fumopay chooses allied partner for processing transactions
In a strategic move to revolutionize the payment landscape, fintech payment solutions provider Fumopay has partnered with payment gateway specialist Cashflows. This alliance aims to deliver a seamless and highly-efficient payment experience for merchants and consumers.
Founder of Fumopay, Kevin Ludford, explains that while Open Banking delivers numerous benefits, card payments still play a crucial role. The partnership with Cashflows will allow Fumopay to offer card processing services alongside account-to-account Open Banking payments, thereby providing merchants with a versatile payment solution.
Cashflows, with its robust acquiring capabilities, will support Fumopay in delivering an integrated checkout that offers both card processing and Open Banking payments. This integration will enable businesses to accept both card payments and instant bank payments via a single interface, offering customers a wide range of payment options.
The partnership is expected to drive better experiences and increased revenue for merchants. With seamless payment integration, improved payment security, expanded payment options, enhanced conversion rates, and simplified reconciliation, the checkout process is set to become smoother and more efficient. For consumers, this means quicker transactions with fewer errors or delays and access to preferred payment methods, improving overall satisfaction.
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 success of this partnership serves as a testament to the benefits that Fumopay and Cashflows can bring to the table.
Both Fumopay and Cashflows are growing at pace, and this partnership is expected to further boost their growth. The alliance between these two innovative companies is beneficial for both, promising to deliver a superior payment experience for merchants and consumers alike.
For exact details on the Fumopay-Cashflows partnership, including its benefits and impact, we recommend checking the companies' official press releases or fintech news platforms.
- Fumopay, in collaboration with Cashflows, aspires to leverage Open Banking data to offer businesses a versatile payment solution that includes both card processing and account-to-account Open Banking payments.
- The collaborative checkout provided by Fumopay and Cashflows enables businesses to accept payments via a single interface, supporting a wide range of payment options such as card payments and instant bank payments.
- The technology-driven partnership between Fumopay and Cashflows promises to revolutionize the finance business by delivering a seamless payment experience, improved payment security, expanded payment options, enhanced conversion rates, and simplified reconciliation.
- The synergy between fintech companies Fumopay and Cashflows, as demonstrated by their successful partnership with Full Power Utilities, is anticipated to spur growth for both companies, contributing to the advancement of the fintech, business, and technology sectors.
