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CellPoint Digital selects MIKROE to reduce currency risk and boost revenue

By Leandra Monteiro

January 30, 2023

  • CellPoint Digital
  • Cross Border Payments
  • Embedded Payments

CellPoint Digital, CellPoint Digital, a global leader in Payment Orchestration, announced they will be partnering with MikroElektronika (MIKROE), a manufacturer and retailer of hardware and software tools for developing embedded systems to deliver a full suite of payment orchestration solutions.

The focus of the new relationship between MIKROE and CellPoint will reduce the risk of a huge volume of cross-border payments and exposure to increased currency fluctuations through MiIKROE’s worldwide distributor network across all continents and in addition to more than 50 local distributors.

Commenting on the announcement, Greg Worch, Global, Head of Revenue, said, “Businesses across all sectors are recognising the need for Payment Orchestration to enhance their scale. We’re delighted to partner with MIKROE, and are confident our Payment Orchestration Platform will accelerate their access to payment providers in the countries where they are active and diversify local currency risk.”

Marko Jovanović, Head of IT for MIKROE, added, “Despite what has been a tough time for many people and businesses, we have continued shipping worldwide, making one new product per day, and successfully growing our business. Now is the perfect time to join forces with CellPoint Digital. Its expertise and innovative platform will drive efficiencies and there is a long-term opportunity to expand our potential payment partners in different countries.”

This partnership comes as 451 Research’s Voice of the Enterprise surveys indicate that 67% of merchants see payments as a highly strategic area of focus for their company, rising to 78% for most digitally advanced businesses.

Emphasis on transforming payment processes and technologies continues to increase, with 61% of merchants agreeing that modern payments infrastructure will be highly transformative for their business over the next three years.

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