Expanding globally? Add local currencies like Kiwi.com

All Business is Local & Sometimes Exotic

We have found that when a merchant accepts local currencies, their approval rates usually increase. This might seem like common sense and easy to achieve – but it’s not. E.g. some regions can present greater challenges. Latin America countries are very local and want to keep it that way. If they see international traffic, they will often decline payments. So, it’s hard for foreign companies to get a foothold in the market there, despite the size of the continent.

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Avoid Getting Ripped off During Your August Holiday

August is here and that means many of you are traveling around the globe. Visiting exotic destinations is obviously thrilling and isn’t it always even more pleasant when you can save a bit on travel expenses here and there.  As a global Acquirer in the travel space, we are lucky to have first-hand knowledge on […]

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Is Banking Headed for a “Dumb Pipe”, Telco-like Future?

Ilya Dubinsky, head of Credorax’s CTO office, recently attended Money2020 Europe.  He took part in a panel on the Future of Banking that was streamed live, with over 500 people attending globally. Check out the webinar here. We caught up with Ilya afterwards, to find out more about his insights on the trends transforming banking […]

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Money20/20 Europe: Take Five!

The Credorax team had a fantastic time at Money20/20 Europe, one of the largest European FinTech events, in Amsterdam last week.  We had over 60 scheduled meetings, and many stopped by our booth.  We enjoyed seeing our partners and meeting prospects and industry experts. There were many great sessions and informative panels. Here are the […]

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Using AI to Prevent Ecommerce Fraud and Secure Payments

As e-commerce continues to grow exponentially, fraud within these channels is also on the rise. In fact, credit reporting agency Experian reports that there’s been a whopping 56% increase in ecommerce breaches since 2016. The prevalence of digital payments and transactions, coupled with the number of consumers gravitating to apps and mobile connectivity, has led […]

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7 Tips to Prevent Chargebacks

Chargeback management – not quite the two words that invoke happy thoughts and feelings among merchants. There are many reasons chargebacks arise and, in some cases, it is not always something the merchant can control.  Examples of chargeback triggers include: Fraud Customer disputes Processing errors (e.g: duplicate transactions) Authorization issues (e.g: debiting cardholder) It is […]

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Faster-time-to-Money: The Name of the Game for Small Businesses

Lars Pedersen, CEO of Creditcall, shares his insights on SMEs growth within the payments industry. The SME market continues to be underserved by payment institutions, still not having the same tech solutions as larger companies. Their top pain point and frustration is delayed or fragmented payment solutions. More often than not, SMEs still use non-integrated […]

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PSPs are Adapting to Cross-Border E-Commerce

This month, Credorax has been spotlighted by PaymentEye to share its wisdom on cross-border ecommerce’s effect on PSPs. Below are a few important takeaways from the article we thought you would enjoy. To read the full article, visit: www.paymenteye.com. Retail Sales, All-Time High Retail sales worldwide are at an all-time high. According to data from […]

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Client Advocacy Proves More than a New Year’s Resolution, but a Mantra to Live by

For many of us, the beginning of a new year is typically a time when we set personal ‘New Year’s Resolutions’.  Just as we do this for ourselves, it is important for businesses to set them as well, in early Q1 each year. Confucius had it right when he professed, “study the past if you […]

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5 Pieces of Advice for Merchant Onboarding Application

merchant onboarding application acquiring bank

To date, the merchant onboarding process to an acquirer has been time-consuming, inflexible and costly. The biggest cause of delays and frustration is the overwhelming amount paperwork that needs to be completed. As an acquirer dedicated to customer advocacy and operational efficiency, we decided to share with you, our merchants and partners, how putting together […]

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