Introduction
In the ever-evolving landscape of online payments, Praxis Tech emerges as a trailblazer, introducing an innovative solution – ‘One-Click Payments’ for merchants. This article delves into the key features of this groundbreaking solution and explores Praxis Tech’s broader role as a leading payment orchestration platform.
Unveiling ‘One-Click Payments
Praxis Tech’s recent launch of the Merchant Initiated Transactions (MIT) payment processing solution marks a significant leap forward in streamlining transactions for merchants. By eliminating the need for manual entry of payment information, this solution enhances efficiency, simplifies the payment process, and promises a seamless experience for both merchants and their customers. Chief Technology Officer, Guy Karsenti, expresses pride in this addition to Praxis Tech’s payment orchestration platform, showcasing the company’s commitment to staying at the forefront of industry evolution.
The Surge in One-Click Payments
Research conducted by PYMNTS highlights the increasing popularity of one-click payments, witnessing a rise from 65% to 67% among small- to medium-sized businesses (SMBs). This surge is attributed to the growing demand for seamless payment experiences.
Praxis Tech: Facilitating Global Expansion
Beyond its innovative solutions, Praxis Tech plays a pivotal role in simplifying global expansion for businesses. Experiencing exponential growth, Praxis Tech has positioned itself as a premier payments orchestration platform. With integrations spanning 540+ payment service providers (PSPs) and 1000+ alternative payment solutions, supporting transactions in over 200 currencies, Praxis Tech empowers businesses to grow, expand globally, and integrate seamlessly with various payment solutions.
Diverse Product Offerings
Praxis Tech extends three distinct products, serving as gateways for merchants to enter the Praxis ecosystem:
1. Praxis Cashier
- Cascading
- Tokenization
- Complete Checkout Page
- Cards & APMs
2. Praxis Hosted Payment Fields
- Cascading
- Tokenization
- Embedded Payment Fields
3. Praxis Direct
- Cards & APMs
- Build Your Theme
- Full Customizations
- PCI DSS Merchants
These products offer versatile entry points, catering to different business needs and compliance standards.
Crafting an Exceptional Checkout Experience
Merchants benefit from a fully customizable and localized checkout solution, leading to increased revenues. Praxis’s integration enables businesses to accept payments via multiple methods, tailored by country and other criteria, through a single integration.
Advancing Transaction Approvals
Praxis Tech’s commitment to cutting-edge solutions is evident through its Decline Recover strategy. The company consistently releases features aimed at boosting merchants’ approved transaction rates, ensuring a frictionless and efficient payment process.
Praxis Tech’s Global Outreach
In a strategic move, Praxis Tech Ltd announced the opening of their new representative office, Praxis Technology LLC, in Dubai’s Business Bay. This expansion underscores Praxis Tech’s response to rapid growth, providing enhanced support for merchants and access to a tech-savvy talent pool in Dubai. The move reflects Praxis Tech’s commitment to further expanding its presence in the Middle East and Asia.
Conclusion
In conclusion, Praxis Tech stands at the forefront of the payment orchestration industry, offering innovative solutions that drive global expansion for businesses. ‘One-Click Payments’ is a testament to Praxis Tech’s commitment to meeting the evolving needs of merchants in the dynamic payments landscape. As businesses navigate the complexities of online payments, Praxis Tech emerges as a steadfast partner, providing not just solutions but a pathway to sustained growth.