back Back

CellPoint Digital selects MIKROE to reduce currency risk and boost revenue

By Leandra Monteiro

January 30, 2023

  • CellPoint Digital
  • Cross Border Payments
  • Embedded Payments
Share

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.

Previous Article

January 30, 2023

Optasia collaborates with Ecobank and MTN for mobile financial services in Guinea

Read More
Next Article

January 30, 2023

German challenger N26 appoints Arnd Schwierholz as CFO

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

CellPoint Digital

SMEs leverage cloud to gain competitive edge, study shows

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

July 19, 2024

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

July 19, 2024

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
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 2024