back Back

Cashfree Payments unveils ‘FlowWise,’ self-hosted Payments Orchestration Platform

By Gloria Mathias

December 13, 2023

  • API payments
  • Autopay
  • Banking Solutions
Share

Cashfree Payments, Zecpe, Ecom360, D2C, Checkout Platform, Payments, API Payments, Online payments, Shopping, Ecommerce Platform, Jamboree, AutoPay, QR Code, Subscription-based Payments, onsite payments, eCommerce, India Merchant Payments, Shopify, One Escrow, Financial Transparency, Global Trade Palace, KYC Link, No-code verification Platform, Fintech News, Fintech India, Fintech Solutions, PAN Aadhar, KYC Verification, Banking solutions, Bill Payments, Biller Solutions, India, Flowise, Self-hosted Payments orchestration platform, Fintech news, Merchants Payments, Payments InfrastructureCashfree Payments has announced its foray into payment orchestration with the launch of ‘FlowWise’. The concept of self-hosted payments orchestration’, allows every payment action to take place directly on the merchant’s infrastructure.

This secure payment orchestration platform empowers Indian SMBs to use multiple payment aggregators with just one integration and efficiently route payments to various partners based on specific requirements in real-time. This launch aligns with the company’s focus on strengthening its product portfolio to further bolster growth while expanding its customer base.

With FlowWise, Cashfree Payments allows payment management to take place directly on the merchant’s infrastructure. It is a cloud-native orchestration platform and aims to improve the success rate by up to 10% and cut processing costs up to 40%. FlowWise’s self-hosting feature eliminates safety concerns, making it one of the most secure, scalable, and cost-effective solutions for merchants.

Akash Sinha, CEO and Co-founder, Cashfree Payments said, “We are proud to introduce ‘FlowWise’, India’s first self-hosted payments orchestration platform. This launch aligns with our vision of creating fintech solutions that will help build strong and successful businesses. FlowWise will assist merchants to reduce payment processing costs up to 40% along with enabling them to provide a seamless checkout experience. Designed and developed in-house, this offering showcases the technological prowess of Cashfree Payments, incorporating cutting-edge AI and ML.”

Ramkumar Venkatesan, CTO, Cashfree Payments, shared, “This is a powerful no-code and user-friendly payment orchestration platform that serves as the central intelligence for a merchant’s payment infrastructure. Our engineering and data science teams have implemented top-tier machine learning algorithms to provide a secure and robust orchestration experience for businesses and end customers. One of the best features of this product is that it simplifies complex integrations and operates within the merchant’s infrastructure, an industry-first offering.”

FlowWise enables merchants to seamlessly manage the entire payment process, including integrating various payment methods, routing transactions, optimising success rates, reconciliation, refund management, risk management, and cost optimisation, all in real-time and tailored to specific requirements.

Previous Article

December 13, 2023

Fibank launches Visa Platinum Business Debit Card

Read More
Next Article

December 13, 2023

Affirm & Blackhawk Network partner to offer more options on gift cards

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

API payments

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

MultiPay teams up with Acquired.com to launch Pay By Bank

Read More

February 23, 2024

UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023