As a payment solution for e-merchants and fintechs, Payplug enables its 17,000 customers to benefit from convenient programmes, resulting in 91% of enhanced requests being accepted by all issuers in France, on the Cartes Bancaires network. By partnering with Payplug, FinMont focuses on offering additional payment solutions to European merchants supporting their growth, while also enhancing its payment ecosystem. According to FinMont’s officials, the collaboration with Payplug intends to help the company in solidifying its position and enable its clients to benefit from an accessible solution. As part of its global strategy, the company aims to integrate with banks, payment, fraud, and other providers to offer an advanced solution to the travel industry.
Representatives from Payplug stated that their company plans to allow FinMont’s portfolio clients to access increased performance and acceptance rates on the Cartes Bancaires network, which represents 25% of the total amount of transactions in the Euro area.
FinMont’s recent developments and collaborations
Furthermore, in September 2023, FinMont augmented travel payments by leveraging advanced AI solutions to establish optimal payment routes and methods. The company incorporated the advanced AI solution into its payment ecosystem that linked acquiring banks, payment, fraud, forex, and chargeback providers and integrated with ERP/CRM systems and other travel-specific distribution channels.
A month prior, FinMont partnered with ZooPay to continue the expansion of its global payment ecosystem and provide airlines and merchants with an improved automated solution that supported them in managing multi-currency transactions and performing multiple payments. By leveraging its collaboration with ZooPay, the company was set to simplify its solution to manage multi-currency transactions, making it convenient to carry out multiple payments.
