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Payoneer takes over open payment platform optile

The US fintech company Payoneer is expanding its payment platform to include the Munich-based payment provider optile, thereby simplifying payment processing for global retailers.

Payoneer, a US payments platform that helps retailers grow globally, announced on Tuesday that it had acquired optile. optile is a Munich-based technology company that optimizes online payment processes for merchants worldwide. The acquisition is expected to close in the next two months; optile remains an independent company within the Payoneer family.

Since the company was founded in 2010, optile has positioned itself in the market with its Payment Orchestration Platform (POP), a completely open payment ecosystem for retailers. With the payment platform from optile, retailers can better control their business processes and flexibly adapt the selection of their payment methods and providers to their needs. In addition, optile's platform enables better conversion rates and a better customer experience.

The Payment Orchestration Platform (POP) from optile was developed especially for international companies that want to expand faster into new markets. For this purpose, the platform brings all the important players in the global payment market together at one interface and guarantees maximum transparency, flexibility and independence.

Scott Galit, CEO of Payoneer: “We live in a rapidly changing, digital world with unlimited possibilities. Internationally operating companies in particular need an open payment platform in order to process their payments easily and securely all over the world. Our solution helps you adapt flexibly and grow quickly. optile optimally complements our global platform with its highly developed technology and partnership approach. We are very pleased to welcome optile to the Payoneer family. "

With optile's cloud-based Payment Orchestration Platform (POP), retailers design their payment environment flexibly and retain full control over all payment-related processes. With the connection via just one API, retailers can expand into markets faster, reduce their costs and standardize their technical infrastructure. In addition, conversion and customer loyalty improve.

In addition, it enables optile retailers to build their own ecosystem for themselves and their retail partners. This enables cross-selling scenarios to be mapped and new sales potential to be tapped, while customers can enjoy an excellent payment experience. All connected retailers can use the same payment process, but retain their independence in the backend. Airlines, for example, can create an ecosystem of retailers who offer all travel-related services. Customers buy their flight tickets, rent a car or book hotel rooms there - without having to enter their payment details over and over again.

Daniel Smeds, founder and CEO of optile: “We are very pleased to be able to use a global infrastructure through the cooperation with Payoneer and to jointly expand the world's leading platform for open payment processing. Payoneer shares our passion for the best customer experience. We want to help retailers by finding solutions to their current challenges and making them fit for the future. We want to make all of this as simple, flexible and scalable as possible. "
With its team of 75 colleagues, optile remains an independent company within the Payoneer Group and continues to pursue the development of its Payment Orchestration Platform (POP), which is independent of payment methods and providers.

Further information:

www.payoneer.com

www.optile.net