Transact365, a UK-based global payments platform powering merchants across the globe, has partnered with digital asset exchange FINECTUM.
This is “alongside traditional and local payment solutions.”
Taking advantage of FINECTUM‘s crypto payment gateway, Transact365’s merchants also “benefit from instant exchange and settlement of crypto payments into fiat currencies.” All transactions are “protected by an advanced blockchain security system which protects businesses from suspicious transactions and fraud.”
Founded in 2017, Transact365 “offers a global payments solution platform for merchants across the world in leading industries.”
Headquartered in London, the payment service provider now “works with over 800 merchants to access e-commerce opportunities in five continents through local payment processing solutions.”
Transact365 has “been scaling at pace over the last three years.” In its second year of European operations, it recorded “a 700% increase in revenue between June 2020 and June 2021.” This was “followed by 300% year-on-year growth between June 2021 and June 2022.” It has also been “expanding into high-growth emerging markets.”
FINECTUM is “an Estonian-based crypto processing and exchange platform.”
Designed to support the major crypto and fiat currencies, FINECTUM’s decentralised system “allows businesses and individuals to securely store digital assets while also accepting payments that are simple and secure.”
David Lambert, CEO of Transact365, commented on the partnership as a reflection of Transact365’s commitment to exploring how Web3.0 technologies can transform the payments industry.
“Transact365’s strategic partnership with FINECTUM allows our merchants to explore the world of crypto payments, meaning that customers wanting to pay for goods and services on e-commerce sites can do so using cryptocurrencies as an alternative to traditional fiat payments. Our relationship with FINECTUM reflects our ongoing commitment to innovation and new ways to pay within the payments industry and something that we are excited to develop further here at Transact365.”
“Cryptocurrencies are transforming spending habits in both established and emerging markets. The purpose of payment service providers is to ensure that transactions can be completed safely and securely, whilst reducing traditional layers of friction. With an ever-increasing demand for cryptocurrency payments within e-commerce, our partnership with FINECTUM was a natural step for us to take.”