Payments have played a key role in enabling the digital economy and there are now more payments solutions for consumers and merchants than ever before. With cash payments declining fast and merchants also stepping away from cash, the way we make and receive payments has changed for good.
A report by Payments Europe shows that physical cards continue to be the preferred method of payment but options like mobile cards, mobile instant, and BNPL are on the rise. This change in payment methods and multiple Payment Service Providers (PSPs) in the market means merchants must be able to support them all. Amsterdam-based Payaut makes that possible.
An all-in-one payment solution for marketplaces
Payaut is the only payment solution for a marketplace that can process with any payment service provider. It became a marketplace solution for payments based on the expertise of its founder Ernst van Niekerk, who started his career as a client of a payment service provider.
During this stint, he learnt that “if you are a merchant processing online payments, different providers can provide different benefits. There is not one single PSP that is perfect.”