Payment orchestration platform APEXX Global has announced plans to meet merchants’ demands for “greater agility” as it joins the JP Morgan Payments Partner Network.
As one of the first Payment orchestration platforms to join JP Morgan’s Partner Network, the company has set its sights on enhancing global payment acceptance by enabling the bank’s merchant clients to improve multi-processor setups, expand local payment method acceptance and embrace new payment technologies.
Rodney Bain, Co-Founder and President at APEXX Global, stated: “This collaboration with JP Morgan Payments is a testament to our ability to drive innovation in global payments.
“As merchants seek greater agility in their payment strategies, our integration with JP Morgan Payments’ Commerce platform will provide them with a seamless, future-proofed solution. Together, we’re making payments more efficient, intelligent and accessible on a global scale.”
According to APEXX Global, the global Payment orchestration market is expected to exceed $25bn by 2030, attributing this predicted growth to the rising demand for simplified, scalable and intelligent payment solutions.
JP Morgan’s Partner Network, consisting of over 80 company members, enables the bank to offer a comprehensive suite of payment solutions. Through its third-party relationships, JP Morgan aims to help clients build, implement, expand and optimise payment strategies tailored to their business needs.
One key advantage of this partnership is the expanded client base that APEXX Global stands to gain. The company, which already serves major brands, such as RyAnair, TUI Group, AVON Cosmetics and Internova Travel Group, will now have the opportunity to further grow its portfolio.
Jason Tiede, Global Head of Corporate Development and Partnerships at JP Morgan Payments, highlighted the benefits of this deal for the bank, pointing to the ability to offer its clients “even greater flexibility”.
He said: “With APEXX Global joining our growing global partner network we can offer even greater flexibility to our clients and their customers, ensuring they have access to the latest innovations in payment orchestration while also leveraging our global processing capabilities.
“We are committed to providing our merchant clients with premier payment solutions that enhance efficiency and drive growth.”
