3 popular payment gateway providers in Europe

By Edlyn Cardoza

The digital payments industry has grown exponentially over the last 5 years. Since the onset of the COVID-19 outbreak in 2020, the volume of electronic payments has skyrocketed. According to Visa, tap-to-pay transactions increased by 150% just in March. Meanwhile, new mobile banking registrations ballooned by 200% in April last year, prompting the mobile banking traffic to increase by 85%.

It’s become easier than ever now to send money worldwide by just using a mobile app, and there’s no longer the need to make an in-person transfer or even use a website. Payment gateways have excelled in the past 5 years, with an increasing number of them offering the ability to send money across the world using different currencies in a simple, easy, and pain-free way.

Here are 3 popular payment gateway providers in Europe:

• Fondy

Fondy is one of the leading one-stop payment solutions for cross border commerce, marketplaces and platforms that enable them to move money without friction. With Fondy, you can enjoy the freedom to focus on growing your business locally and internationally. Enable easy payment collection, split payments, and make payouts through a single API today.

With no set-up fees or monthly costs, businesses can easily integrate their white-label solutions to start accepting local and international payments through websites, apps, and social media platforms like Instagram and Facebook, as well as digital channels. Fondy’s ClickToPay button means sellers can offer their customers a seamless online payment experience. Their options include bank transfers, debit and credit cards, Google and Apple Pay, direct link payments through email or SMS or direct debits for subscription services.

Recently, IBS Intelligence reported that ClearBank, the enabler of accounts, real-time clearing, and embedded banking for financial institutions, announced its integration with Fondy. This solution will allow companies to manage and control their money flow – from acceptance of payments, IBAN accounts, and payouts to third parties.

• PayU

PayU combines global reach and local expertise to reshape the future of payments and FinTech to build a world of unlimited possibilities. Their vision is to create a world without financial borders where everyone can prosper. They strive to shape the payment industry of tomorrow to support global financial inclusion. Operating in over 50 countries and home to more than 43 nationalities, PayU is one of the world’s leaders in global payments and innovative FinTech.

IBS Intelligence reported that PayU, the payments and FinTech business of Prosus, received the endorsement of Colombian regulatory authorities to acquire Tecnipagos S.A., operating as Ding, a company specialising in electronic payments and deposits.

• SecurionPay

SecurionPay, established in 2014 in Switzerland, is a cross-device payment platform that enables businesses to accept online payments in 160 currencies through the checkout, translated into 23 languages. They have strived to become the developers’ most favourable payment solution, delivering powerful API and the flexibility everyone is looking for today. It gives merchants limitless possibilities to create any payment scenario for their business.

SecurionPay cares about the merchant’s experience in implementing their payments and the customer’s experience during the checkout process. In addition, they are expanding the solution to give clients new paths for revenue development with Cross-Sales, One-Click Payments or Subscription Payments. They employ a transparent pricing structure with a ‘no hidden fees guarantee.’ They don’t charge any setup or monthly recurring fees, so clients pay only once they accept payments.

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