Judopay, the mobile payments solutions provider, has announced that, following its acquisition by Fabrick S.p.A., it will be launching a payment orchestration solution for its customers, across a range of sectors, including mobility, hospitality, retail and eCommerce. At a time when the UK economy is struggling with a cost-of-living crisis, rising interest rates and the threat of recession, this launch will not only support business’ growth but provide a much-needed cost-effective payment solution.
In today’s climate, every transaction is vital to consumers and businesses alike; from a seamless payment or booking experience, to cutting costs and improving acceptance rates through to ensuring brands are receiving the best payment service. A payment solution that underperforms costs merchants valuable revenue and potentially lost customers.
As a leading pioneer in PayTech, Judopay’s mission is to provide fast, easy, friction-free payments, offering a full range of card and alternative payment methods (APMs), quick and easy payment tools like pay by link, and is now bringing payment orchestration to the market.
Working with its new sister company, Axerve, Judopay will be launching a payment orchestration solution that allows merchants to connect and route to any global payments player, via a single platform. Merchants can make decisions on where to route their payments based on price, acceptance rates and a customer’s geographical location. All of which allow merchants to take control of their payments, significantly reduce processing costs, while improving the customer checkout experience and dramatically improving authorisation rates.
Jeremy Nicholds, CEO, Judopay said: “We’re extremely proud and excited to be able to offer this solution to our clients, following the acquisition by Fabrick. We’ve put a lot of hard work over the last decade into growing the business and I’m excited to see what this added capability can do for our clients.”
He added: “Many industries and sectors have long been dominated by the same major “legacy tech” incumbents. However, this solution will give merchants more technical and financial control over their payments.”
Judopay was a launch partner for Apple Pay in the UK, as well as an innovation partner for Mastercard in bringing Click2Pay and Pay by Bank App to market. Its leading-edge SDKs for mobile and web payments are used by major brands and this deal gives them the ability to support their customers even further with additional resources, solutions and global coverage.
