PayTech Praxis launches Hosted Payment Fields

By Gloria Methri

Praxis Tech Ltd has announced the launch of its latest product, Hosted Payment Fields. This innovative solution allows businesses to securely collect sensitive payment information from customers, without the need for being PCI-DSS compliant.

The product ensures that businesses can maintain their own cashier with their own UI while accessing Praxis’ hosted payment fields – thus gaining access to more than 525 PSPs worldwide.

The solution, while reducing the risk of fraud and enhancing merchant’s customer relationships, enables merchants to expand into new markets and broaden their customer base without needing to replace their existing cashier or payment page.

Praxis’ Hosted Payment Fields enables merchants to store their payment information on secure, PCI-compliant servers while streamlining the checkout process. In addition, Praxis merchants can now improve overall user experience by eliminating the need for customers to fill out long and complicated forms.

Co-Founder, Amit Klatchko said, “We are confident that Hosted Payment Fields will provide businesses with the security, flexibility, and ease of use they need to succeed in today’s competitive online marketplace.”

He further stated that “Praxis’ current growth trajectory is a steep one. We have just brought on our new CIO, Guy Karsenti, who is rapidly pushing our tech team from strength to strength. We’ll be making some huge announcements regarding our product in the coming months.”

Praxis Tech Ltd is a Payment Technology Software company, helping companies simplify global expansion and optimize their payments infrastructure. They are the top payments orchestration platform for merchants looking to grow their business, expand into new global markets and integrate with multiple payment solutions.