BitRail, a pioneering FinTech firm known for its “PayGenius” white label platform, which enables merchants to launch their own branded digital payments, wallets, and loyalty programs, has announced a strategic partnership with Payment Lock, a leader in custom payment solutions with a vast network of over 300k merchants.
The partnership is rooted in the shared goal of simplifying and enhancing the digital payment experience for merchants and consumers alike. By integrating BitRail’s PayGenius platform with Payment Lock’s expansive merchant network, the two companies are set to transform how digital payments and loyalty programs are offered and managed across a wide range of industries.
BitRail stands out in the FinTech space with its PayGenius platform, designed to bypass traditional, costly credit card systems, offering merchants savings of up to 3% per transaction. The platform encompasses technology, licensing, security, compliance, and loyalty mechanisms to drive the adoption of these payments. Merchants benefit from improved branding, first-party data capture, and cost savings, while consumers enjoy seamless integration with loyalty platforms, enhancing their shopping experience.
Payment Lock specializes in engineering secure, in-store, and online payment solutions that safeguard sensitive payment and customer information while managing payments in real time.
By leveraging Payment Lock’s access to over 300,000 merchants, BitRail aims to expand its user base and provide merchants with an efficient, secure, and cost-effective digital payment solution.
Ryan Smith, Principal at PaymentLock, said, “We are thrilled to take the PayGenius branded digital payment platform to our merchants. PayGenius branded digital payments are in line with our solutions built around the customer experience with all the security, compliance and risk mitigation every business needs.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
