Fintech & Ecommerce

Malta-based banking service provider rolled out real-time payments

Alternative payment methods saw their popularity grow significantly

FinXP payments

Malta-based banking service provider rolled out real-time payments. Source: pexels.com

According to Ecommerce News, payment and banking service provider FinXP has launched Real-Time Payments by FinXP (RTPF). This is an account-to-account payment method that is targeted at online merchants.

Online payments have become significantly popular over the past year, due to the overall boost of e-commerce in Europe. Especially alternative payment methods saw their popularity grow increasingly.

For online retailers it has become increasingly important to offer payment options that maintain high checkout conversation rates while charging low transaction fees
Jens Podewski, CEO of FinXP 

To better serve these online merchants, the company has introduced RTPF.  With RTPF, FinXP aims to fill this gap in the market.

Nevertheless, this is not the first payment solution it offers. The company already offers several payment and banking solutions such as a payment gateway with over 350 payment methods and IBAN accounts in which merchants can make and receive payments.

At the moment, Real-Time Payments by FinXP is only available to merchants in Germany and Austria, but the company is working to make it available to the rest of Europe by the end of 2021.

We’ve reported that JD.com and Walmart launched new omnichannel marketing model.

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