Credorax and Hostinger join forces to facilitate cross border payments

By Megha Bhattacharya

Smart payments provider Credorax and Lithuanian web hosting provider Hostinger have teamed up to enable Hostinger to accept and process cross-border payments globally in more than 120 currencies and facilitate convenient and simple payment requests. Hostinger joins Credorax’s impressive roster of leading web hosting services and digital SaaS partners, including SEMRush and NordVPN.

“We’re excited to partner with web hosting provider, Hostinger, and expand our footprint in Lithuania, a region that continues to grow as a hub for fintech,” said Igal Rotem, CEO of Credorax. “Using our services, Hostinger will be able to accept and process payments in widely and thinly traded currencies alike — including those from the Asia and Africa regions – allowing them to cater to their entire customer base, confident they can accept the local currencies. As we build our own presence in the region, we look forward helping Hostinger grow and provide their services globally.”

According to Credorax, Hostinger will have access to its customised acquiring solution including smooth onboarding, approval rate optimisation and analysis, FX conversion optimisation, and proactive 24/7 merchant account monitoring. The web hosting provider will also benefit from Credorax’s 3DSecure solution, ensuring compliance with the PSD2 requirements for Strong Consumer Authentication.

“Credorax’s capabilities in streamlining the payments process made it the clear choice for us when looking for an acquiring partner,” said Daugirdas Jankus, CMO of Hostinger. “We strive to provide our customers with as easy and frictionless an experience as possible when setting up their online presence. It was important that we find a payment provider that enables us to accept payments seamlessly and in local currencies, to eliminate any barriers to our services. We look forward to working with Credorax, a partner we can count on to support us as we grow and evolve our payment solutions.”

Recently, Credorax and Payrexx, a Swiss online payment facilitator, announced a partnership in a bid to enable the latter to offer quick onboarding and customised acquiring services for Swiss merchants. The collaboration will see Credorax work with Payrexx in Switzerland as a payment facilitator and as a payment service provider (PSP).