APEXX Global has announced its entrance and introduction of payments orchestration and processing platform to the US. marketplace.
It comes amid significant growth in the BNPL sector, with APEXX now further expanding the alternative payment journey into the US market.
Rodney Bain, Co-founder and CSO at APEXX Global commented: “Payment service providers (PSPs) are struggling with the speed of change and offering their customers the solutions they want in the markets they serve – especially among those in the BNPL industry.
“At APEXX Global, we’re confident in our ability to aid the US’s fragmented and rapidly-growing demand for cutting-edge payments solutions through our single-stop platform of leading payments providers.”
Core to this entrance into the US market is the growing popularity of BNPL options and providers. The BNPL industry has modernised flexible payment options, allowing consumers to create installments on individual transactions and is set to reach $680 billion in transaction volume worldwide by 2025.
“The global B2C e-commerce market is set to reach $6.54 trillion by 2023, and online shopping is one of the most popular online activities in the nation, but poor checkout experiences means e-commerce businesses risk losing billions in potential revenue at the point of sale due to outdated and cumbersome legacy systems and processes,” added Bain. “As US consumers continue their adoption of BNPL, APEXX Global’s unique API and orchestration platform are one of the only systems that can handle the coming wave.”