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PAY.ON Releases Open Payment Platform through Integrated API

February 17, 2024         By: Michael Cheng

PAY.ON has announced the launch of Open Payment Platform, making its tools and services more accessible to businesses, developers, and merchants.

The open model also gives access to a broad payments network composed of roughly 300 payment methods.

“The payments market is consolidating, and with increased competition, the need to innovate and to save costs at the same time is becoming an absolute necessity,” mentioned Markus Rinderer, CEO and Founder of PAY.ON.

The company’s latest offering focuses on minimizing the overall risks that establishments face when handling financial transactions. Furthermore, most businesses implementing several different payments services and apps to supplement their workflows find the setup costly, time consuming, and tedious.

Because of this, a more streamlined approach was taken to provide a range of essential tools that today’s merchants and businesses can readily apply.

Wolfgang Berner, PAY.ON’s Senior Vice President Product, said, “PAY.ON has developed Open Payment Platform to give payment service providers, acquirers, and other payment companies even greater flexibility and simplicity when they choose to outsource to one of our white label solutions.”

The Open Payment Platform comes with several robust features for businesses in need of an all-in-one solution for handling payments. For clients who want to get up and running as quickly as possible, PAY.ON offers payment form templates and SDKs for mobile devices.

The open merchant dashboard is where customer data can be viewed and monitored. Key individuals have the ability to create their own widgets for added customization. New reporting features include enhanced analytics, business intelligence tools and coverage across multiple channels.

“The unified open API gives our partners a powerful toolkit to grow their payments business, and to serve online merchants. Streamlined, automated processes remove bottlenecks, so that our partners can move quickly in a rapidly changing payments market,” highlighted Berner.