Bringing Simplicity, Automation and Transparency to Payments

Bringing simplicity, automation and transparency to paymentsAs the payments world prepares to meet in London for PayExpo 2015, ONPEX, The Online Payment Exchange is bringing a positive message of the benefits of simplicity, transparency and automation in payments.

To mark ONPEX’s presence at PayExpo 2015, they have produced a white paper, Simplicity, Automation, Transparency – A vision to make all payments truly accessibly globally. The white paper acknowledges the problems of the fragmented payments landscape but gives the example of the ONPEX ethos as a way of meeting the expectations of both merchants and consumers.

  • Simplicity – The complex world of global payments needs simplification. Consumers want to pay in a multitude of ways and in a multitude of currencies. Merchants should be able to let the consumer pay how they want to pay.
  • Automation – Just because consumers wish to pay in a multitude of ways doesn’t mean that the merchant should have to employ a multitude of ways to accept them. Payment automation means that a single platform can handle this.
  • Transparency – Payments can be complex. The merchant needs to be in control and know what is going on, not only in terms of cash flow, but in terms of regulatory compliance too.

Christoph Tutsch, ONPEX CEO, said: “There is nothing technologically holding us back from offering simple, automated and transparent solutions to our clients. We know that our industry is fragmented and that this is hindering our collective ability to provide the solutions that meet the needs of both consumers and merchants.

“It’s time to think holistically. It’s time to move away from the silo thinking and create global solutions for global payments challenges. It is what ONPEX already does; it’s what the industry as a whole should aspire to.”

About ONPEX

ONPEXONPEX provides global, white-label cloud technology which combines local and cross-border card processing with international alternative payment methods on a single, omni-channel Platform as a Service (PaaS). ONPEX solutions accelerates international expansion and the development of banks, PSPs, ISOs, and developers and offers the flexibility they need to grow globally in the payment business. ONPEX has connectivity to hundreds of acquirers, alternative payment methods and payment related solutions internationally and operates entities in Europe, North America and Asia. For more information about ONPEX, please visit www.onpex.com.