Sweden-based instant payments provider, Brite Payments, is partnering with OXID eSales, a Germany-based e-commerce shop solution provider, bringing the benefits of its solutions to users of OXID’s shop system through an easy-to-integrate plugin.
Brite Payments, which leverages open banking technology to bolster payments, eliminating the need for additional registration, manual card data entry, or app downloads, is offering OXID users the ability to leverage Brite Instant Payments and Brite Instant Payouts.
Brite facilitates secure, cost-effective payments through its Instant Payments Network (Brite IPN). In addition to Brite Instant Payments, OXID’s merchants will also be able to streamline the complexity of e-commerce refunds through Brite Instant Payouts.
OXID eSales, through its OXID eShop system, offers e-commerce merchants a scalable and highly customisable shop platform that suits the needs of B2B and B2C businesses across many industries. It supports a wide range of payment solutions that help merchants to customise their checkout and maximise conversion rates.
“With Brite Instant Payments, merchants can expand their checkout with a leading Pay by Bank provider, giving consumers a fast and convenient way to pay,” explained Gerd Kasdorf, head of sales at OXID eSales. “OXID is committed to making the checkout process as simple and flexible as possible – it’s clear that instant payments fit the bill perfectly.”
Brite Payments research found that 67 per cent of Germans are familiar with Pay by Bank, with 36 per cent of 18 to 29-year-olds already using the payment method either daily or weekly. Meanwhile, four in 10 Germans are willing to try new forms of online payment.”
“OXID is trusted by leading brands as an experienced and innovative provider,” Lena Hackelöer, founder and CEO of Brite Payments, also added. “Brite Instant Payments can be easily integrated into existing shops and facilitates a smooth payments experience for consumers. Additionally, merchants benefit from real-time transaction processing, which means predictable cashflow, reduced fraud risk, and lower operational costs.”
Source: https://thefintechtimes.com/
