APEXX Global enters U.S. market

By Edlyn Cardoza

APEXX Global, the payments platform, announced their entrance and introduction of their industry-leading payments orchestration and processing platform to the U.S. marketplace. Today, the company forecasts to be processing roughly $20 billion with some of the biggest e-commerce brands by the end of 2021.

As the Buy Now Pay Later (BNPL) market heats up in the U.S., APEXX Global is stepping in to help new and existing payment services providers meet growing demand. As a first-of-its-kind platform in the global payments marketplace, APEXX Global accelerates the average time to market by 90% and increases trading volumes by as much as 20%.

APEXX Global has become a staple in European markets, with over 120 integrated partners and multiple enterprise clients, including ASOS, eShopWorld, XE.com, Swoon, AirSeychelles and many more. APEXX Global currently operates across more than 70 countries saving users an average of 15% on processing costs.

“Payment service providers (PSPs) are struggling with the speed of change and offering their customers the solutions they want in the markets they serve – especially among those in the BNPL industry,” said Rodney Bain, Co-founder and CSO at APEXX Global. “At APEXX Global, we’re confident in our ability to aid the U.S.’s fragmented and rapidly-growing demand for cutting-edge payments solutions through our single-stop platform of leading payments providers.”

Core to this entrance into the U.S. market is the growing popularity of BNPL options and providers. The BNPL industry has modernized flexible payment options, allowing consumers to create instalments on individual transactions and is set to reach $680 billion in transaction volume worldwide by 2025. APEXX Global’s payment orchestration platform boasts an integrated BNPL solution with more than 14 BNPL providers. This allows merchants and PSPs to access multiple BNPL providers across more than 40 markets through a single consolidated API.

“The global B2C e-commerce market is set to reach $6.54 trillion by 2023, and online shopping is one of the most popular online activities in the nation, but poor checkout experiences means e-commerce businesses risk losing billions in potential revenue at the point of sale due to outdated and cumbersome legacy systems and processes,” continued Bain. “As U.S. consumers continue their adoption of BNPL, APEXX Global’s unique API and orchestration platform are one of the only systems that can handle the coming wave.”

Recently, IBS Intelligence reported that APEXX Global announced a long-term strategic partnership on Buy Now Pay Later (BNPL) with Worldline, a global leader in the payments and transactional services industry.