Setplex taps Gr4vy to expedite time-to-market & expand payments
By Gloria Methri
Setplex, a full-service IPTV/OTT solutions provider has selected Gr4vy’s cloud-native payment orchestration platform (POP) to accelerate time-to-market, onboard new merchants, and quickly implement locally preferred payment methods.
“Offering local payment methods can be complex due to data and privacy regulations. Payment infrastructure is crucial to overcome these hurdles, which is why we offer infrastructure-as-a-service over software-as-a-service to empower merchants with all the infrastructure needed to implement all payments,” said John Lunn, founder, and CEO of Gr4vy.
Setplex offers highly scalable, low-latency IPTV/OTT solutions for video, with a focus on delivering UI/UX across all its platforms. The company’s end-to-end video streaming and delivery platform enables broadcasters to build or upgrade to an IPTV/OTT solution and has launched 150+ broadcasters, encoded 40,000 plus channels, and managed over 5 million subscribers.
Through Gr4vy’s payment orchestration platform (POP), Setplex was able to onboard a merchant in LATAM and connect to a gateway in India to accelerate new merchant acquisition and sign new customers. This ongoing partnership means Setplex can now onboard new payment solution providers (PSPs) and offer advanced payment methods, resulting in successful launches for its merchants.
“As an IPTV/OTT solution that is future-proof, we are constantly looking to expand into new regions and take advantage of growth,” said Lionel Dreshaj, CEO of Setplex. “Gr4vy has become a trusted partner, and as a result, we can now quickly implement locally preferred payment methods without coding, tight deadlines, or months of negotiations with PSPs. Gr4vy’s POP has allowed us to accelerate our time to market and expand our payment methods regardless of location while still meeting our partner’s and client’s needs. We look forward to future endeavors with such a leader in payments orchestration.”
Gr4vy’s infrastructure and POP enable merchants to access new markets through instances and edges to overcome hurdles around local data privacy. Merchants can access multiple instances of Gr4vy to create redundancy and reduce points of failure. These instances become a merchant’s individualized payment infrastructure with everything needed to connect to leading PSPs and manage everything within their payment stack.
IBSi Daily News Analysis
June 02, 2023
How wealth management firms can grow revenues in a declining marketRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
June 02, 2023