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Saxo payments adds Credorax to partner portfolio

Saxo Payments has announced that Credorax will join First Data, Tuxedo Money, Valitor and Allied Wallet, as a partner in the Saxo Payments Banking Marketplace.

Credorax, with a focus on the e-commerce and m-commerce sectors, has joined the

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innovative new community created by Saxo Payments, to deliver enhanced benefits for its payment service provider partners and merchant customers.

The Saxo Payments Banking Marketplace provides a conduit for bank transfers in multiple currencies anywhere in the world. In order to enhance its Acquiring services, Credorax has partnered with Saxo Payments to expedite the receipt of merchant funding within minutes of clearing.  As a pure-play Acquirer this is an important benefit for Credorax’s PSP partners who want to offer and ensure their merchants receive funding in a short timeframe.

Commenting on the new partnership with Saxo Payments, Aviram Shemer, Credorax CFO, said:  “We want to give our merchants the best service. It needs to be fast and scalable, which is why we chose Saxo Payments. We’re currently doubling our processing volume year-on-year and need to ensure we have the best systems in place to sustain that growth, whilst meeting the same high standards our merchants have come to expect from Credorax.”

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