back Back

Fabrick acquires mobile payments firm Judopay, eyes expansion in UK

By Gloria Methri

May 17, 2023

  • Digital Payments
  • Embedded Finance
  • Europe
Share

Fabrick, Italy, FinTech, Judopay, UK, Payment Orchestration Platform, Open FinanceFabrick, a European Open Finance specialist has announced the acquisition of Judopay, a UK-based mobile payments company. The deal will allow Fabrick’s Payment Orchestra to benefit from Judopay’s innovation expertise in digital commerce.

Together, the companies will define new models and standards to provide smoother payment solutions, frictionless processes, and seamless check-out experiences for both merchants and customers.

The acquisition will expand Fabrick’s proprietary technology, enabling the company to offer a better service to merchants who can manage all the financial data flows from a single point, even while accepting payments from multiple gateways.

The deal will enhance Fabrick Payment Orchestra, a payment orchestration solution that is transforming the way businesses accept payments. By combining multiple payment processes, Payment Orchestra optimises payment processing at each stage of the payment flow, reducing the transaction time, costs, and improving the customer checkout experience, and decreasing the cart abandonment rate.

This acquisition also marks an important step in Fabrick’s expansion into the UK market – the largest
digital payments market in Europe – where 95% of people have access to the internet and 97% have a bank account which has fostered widescale digital payments adoption.

Moreover, 65% of the population has a credit card and card payments account for more than half of all payments in the country (51%). The propensity for innovation in the UK is reflected in data showing that 41% of transactions are being made using alternative payment methods.

Furthermore, the eCommerce industry in the UK has an estimated overall revenue of $199.9 billion in 2022. This makes the UK the ideal country to develop new models and standards of embedded finance based on the most advanced and complete payment solutions to support corporations in taking advantage of the current revolution in addition to representing a large addressable market.

Previous Article

May 17, 2023

N26 launches new Instant Savings account in Spain

Read More
Next Article

May 17, 2023

Westpac New Zealand selects Finastra to accelerate ISO 20022 compliance

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Digital Payments

GCC banks bolster Cybersecurity measures to combat email fraud

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

April 19, 2024

Cashflows partners with National Association of Funeral Directors

Read More

April 19, 2024

Ant International set to create digital business centre in Malaysia

Read More

April 19, 2024

Opn appoints Vaden Landers as President and CEO of MerchantE

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
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 2023