Credorax, a Malta-based leading smart acquiring banking firm, has announced a new partnership with tech-driven minicab company eCabs. Credorax’s proprietary cross-border acquiring technology platform will enable eCabs to provide seamless payment services in its mobile app, hence increasing approval rates.

Credorax has built a global reputation for its tech-first approach to banking, which has fuelled 2,000 per cent growth since 2012 and the development of market-leading services, such as the fastest gateway on the market and an onboarding process that takes 24 to 48 hours instead of weeks.

Credorax’s payment technology stems from its ability to be both a hi-tech company and a fully licensed bank, enabling eCabs to leverage Credorax’s suite of smart acquiring tools. Credorax uses its advanced business intelligence and agile reporting tools to analyze every transaction, increasing approval rates and revenues for eCabs.

“We chose Credorax as our payment partner as we share a common vision and ethos in how technology is applied in the business domain with agility and confidence being the key success factors,” said Matthew Bezzina, eCabs CEO. “In this context, we have integrated Credorax payment services in our new mobile app delivering the most fast, transparent, secure and responsive transportation application available on the island.”

“We are delighted to be working with eCabs, with whom we share not only a location but also a shared vision of simple payments,” said Geert van Maarssevee, vice president sales and business development at Credorax.

“Our ability to process and analyze payments quickly and efficiently and to provide advanced BI tools makes this an ideal collaboration to implement our diverse payment solutions.”

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