MultiBank Group has partnered with payment technology provider Praxis Tech, aiming to orchestrate a better payment ecosystem for traders.
In what has been described as a ‘milestone’ collaboration, both companies will seek to leverage one another’s technology to a multinational level.
This gives MultiBank the opportunity to enhance its corporate structure and optimise its tech solutions. Conversely, Praxis will be enabled to showcase its payment solution to new markets and revenue streams.
“We are always looking for new and innovative ways to improve our products and services, and this important partnership with Praxis will streamline an all-in one payment solution, making our ecosystem much easier to use and far more convenient for our clients,” said Salem Kattoura, COO of MultiBank Group.
Praxis will facilitate MultiBank with its PCI DSS Level 1 compliance payment solution software. This affords MultiBank the use of pre-integrated payment solutions that will help its global clientele process their payments more efficiently.
Natalie Agopian, CSO at Praxis Tech, added: “The goals of the MultiBank team and how Praxis can help achieve that vision were clear from the beginning.
“Together we crafted a strategic plan to advance the user experience and to help with the onboarding of PSPs (Payment Service Providers) worldwide. With our data available and their designated Praxis success managers, we are helping to optimise the cashier for the best results.”