Enabling Technologies

Cellum Teams Up With Credorax To Broaden Plug & Pay Reach

MEDICI

Leading international mobile wallet provider Cellum recently announced in their official press release that it added Credorax, an acquirer specifically focused on the e-commerce arena, to the list of acquirers available in their Plug & Pay service. The goal of this partnership is to broaden the geographical reach of Plug & Pay as well as offer and foster international acquiring and settlement in less widespread currencies.

Cellum Plug & Pay offers third parties a complete off-the-shelf solution to make mobile payments in existing mobile apps more secure. The service makes its SDK available for banks and mobile network operators around the world.

Sveta Bulshtein, senior sales manager at Credorax, said in the press release, "Together with Cellum, we can provide mcommerce merchants with an effortless payment solution in different currencies, ultimately allowing them to expand their businesses further into new, untapped markets.”

Jeff McAllister, President of the Cellum for North America & UK complemented Credorax’s team in the press release saying “Our alliance with Credorax will allow us to offer our services in more markets, without the need for integration with a local processor. Credorax are a pleasure to work with – their team is very professional, both from a technology and business point of view.”

About Credorax

Credorax's Smart Acquiring solutions are based on its proprietary single, unified and automated global-domestic payment platform for efficient, cost-optimized acquiring complemented by value-added business tools and dedicated customer care. Credorax is the first, truly global digital Merchant Acquiring Bank, with secured licenses across three continents, covering over 30 jurisdictions worldwide. For more information, visit.  

About Cellum

Cellum is a leading multinational mobile wallet provider based in Europe, enabling banks, mobile operators, card scheme systems to offer mobile commerce services, including payments, couponing and loyalty schemes as new ways to access customers. Systems operated by Cellum manage nearly 2 million mobile transactions per month, and the company counts among its customers and partners MasterCard, Vodafone and Telenor, top international and national banks, and retailers of all size and type. Cellum`s strict security policy has helped maintain a 0% fraud rate over our 15-year history. For more information, visit.

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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