Praxis Cashier integrates Volt open payments for merchants

Praxis Cashier’s clients now have access to Volt instant account-to-account payments, bringing next-generation open banking solutions capability to their customers, covering 5,000+ banks in 27 countries.

Praxis Cashier supports merchants in the FX, gaming, travel and e-commerce sectors. Their technology specialises in simplifying the payment experience and empowering merchants to transact seamlessly and successfully online.

In adding Volt’s bank direct payment option, Praxis merchants benefit from significant cost savings and greatly reduced fraud, with funds settled in real-time directly to their bank account. Whilst end customers using Volt access a fast and highly secure payment experience, with authentication secured via their own bank.

Open APIs enabled by PSD2 give control back to customers – reducing transaction costs, increasing security, and removing payment service intermediaries for a fast and secure direct payment service. These significant changes are set to revolutionise digital payments and usher in the next generation instant payment service.

Praxis Cashier is highly innovative and always looking for the new payment methods to expand their offering, and providing the best experience to their customers: Integration with Volt brings the world’s most comprehensive Open Banking payment initiation service to their Cashier.

Angelos Iakovou, Head of Payment Solutions Division at Praxis comments: “Praxis Cashier is excited to add Volt to our ever growing repertoire of payment solutions, bringing open banking payments to our Cashier, giving our merchants access to process instant transactions throughout the whole of Europe via a single integration. Thanks to the Volt team for a fast and smooth integration.”

Steffen Vollert, CTO at Volt added: “We are happy to kick off 2021 with another strong partnership. Praxis Cashier are a leading technical gateway in their sector with an impressive smart checkout product. We’re pleased to join forces and look forward to welcoming their merchants onto our global instant payments platform.”

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About Volt

Volt connects open payments. Our gateway and switch technology brings together the strongest network providers in Europe, creating an unrivalled connectivity map. Aa we follow the rollout of open banking around the world, bringing together instant direct payment networks and provides a one-stop solution for global connectivity.

About Praxis Cashier

Praxis Cashier is a leading global payment technology with extensive experience in online businesses such as fintech, online gaming, e-commerce, and more. With offices in Spain, Cyprus and Ukraine Praxis offers smart cashier software designed to overcome high-risk processing challenges and increase business transaction approval rates. Praxis acts as a technical connector between Payment Service Providers (PSPs) and business owners/merchants, providing data handling for all incoming and outgoing payments, but does not process the financial payments themselves. Praxis is integrated with over 300 payment solutions, representing one of the most comprehensive, highly-secure, PCI DSS Level 1-compliant platforms on the market.