The partnership will enable crypto payments via PXP’s single unified multi-channel payments platform. Going forward, PXP’s merchants will be able to use ForumPay’s next generation payments technology and industry-leading expertise to accept crypto payments from any of the 425+ million crypto wallets used by consumers around the world.
Instant conversion to traditional currencies with a payment guarantee will deliver a simple, fast, transparent and risk-free point-of-sale experience to both merchants and consumers alike.
Commenting on the announcement, Kamran Hedjri, Group CEO for PXP Financial, said: “We recognise the importance of merchants accepting digital currencies as payment for goods and services in order to remain competitive and keep up with changing consumer expectations. Mainstream adoption of cryptocurrencies is definitely on an upward trajectory.”
“ForumPay is the best-in-class crypto payments partner thanks to its unique enterprise level architecture that will enable us to offer crypto payments to all our merchants via one simple integration.”
PXP Financial provides a single unified payments platform to accept payments online, on mobile and at the point of sale. Powered by inhouse acquiring, 200+ alternative payment methods and financial services, PXP processes more than EUR 21.5 billion annually.
Josh Tate, CEO and co-founder of ForumPay, added: “We are extremely excited to announce our partnership with PXP which will deliver risk-free crypto processing to thousands of merchants around the globe. Our integration enables PXP merchants to serve the entire crypto market (all 425 million crypto wallets) thereby attracting new customers and driving incremental sales. We wish to thank PXP for their thought leadership and confidence in us.”
Whatever your business needs today or tomorrow, PXP Financials innovative payment platform is equipped to support your business growth with all the payment services you will ever need from one source, wherever your business takes you. To find out more about the PXP Financial family of companies please visit: www.pxpfinancial.com
About PXP Financial
The end-to-end payment platform: PXP Financial provides a single unified payments platform to accept payments online, on mobile and at the point of sale. Powered by global acquiring, 200+ alternative payment methods & financial services, PXP Financial family of companies processes globally over EUR 21.5 billion annually through our unified gateway. Whatever your business needs today or tomorrow, PXP Financials’ innovative payment platform will support your business growth with all the payment services you will ever need from one source, wherever your business takes you. To find out more about PXP Financial family of companies, visit: www.pxpfinancial.com.
ForumPay is a complete cryptocurrency payment gateway firm. Their products help businesses attract new customers, optimise customer’s ability to spend and increase revenue by embracing the 425+ million crypto consumers around the world. Its wallet agnostic solution enables the entire crypto consumer community to spend with their preferred cryptocurrency and from their preferred wallet for all purchases from everyday goods and services through to automobiles and real estate. Its services eliminate the merchant’s exposure or risk by processing the transaction with instant conversion of the crypto into traditional currency. Merchants simply receive their payments in the currency of their choice directly into their preferred bank account. The transactional experience is the same as accepting other popular payment options, including cash, credit cards and bank transfers but simpler, faster, and more secure.
In today’s competitive environment, ForumPay is an excellent tool for businesses to gain a serious competitive advantage with the fastest growing consumer segment in the world. Studies show that 40% of the consumers that spend crypto with merchants are in fact new customers to the merchant driving those incremental sales. Additionally, crypto consumers are shown to spend double the Average Order Value (AOV) of a typical credit card consumer illustrating the attractive, affluent demographic.