As part of the agreement, Paymill will leverage PAY.ON technology to optimise its existing payment processes and provide customers with more payment options. In turn PAY.ON will gain access to new merchant segments that Paymill is acquiring due to its technological solution. Both companies have revealed plans to include new customer segments.
Paymill enables online stores and service providers on the internet to integrate payment methods into their platform, especially online card payments. The company is already active in 34 countries across Europe and other regions.
PAY.ON serves payment service providers, payment scheme suppliers, acquirers and risk management providers. The companys services are based on a modular platform for global payment outsourcing PaySourcing and on PayPipe, an online gateway for global payment routing.
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