Saxo Payments adds Credorax to partner portfolio

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Credorax, the global digital merchant acquiring bank, joins First Data, Tuxedo Money Solutions, Valitor and Allied Wallet, as a partner in the Saxo Payments Banking Marketplace.

The bank has a particular focus on e-commerce and m-commerce sectors and by joining the Saxo Payments Banking Marketplace it will be able to make bank transfers in multiple currencies anywhere in the world.

In order to enhance its Acquiring services, Credorax has partnered with Saxo Payments to expedite the receipt of merchant funding within minutes of clearing.

Aviram Shemer, Credorax CFO, said that  at a time of expansion, a rapid system is essential.

“It needs to be fast and scalable.. We’re currently doubling our processing volume year-on-year and need to ensure we have the best systems in place to sustain that growth, whilst meeting the same high standards our merchants have come to expect from Credorax,” he added.

“We look forward to working closely with Credorax to help them deliver more benefits for their merchants, with favourable rates on foreign exchanges and transfers,” said Anders la Cour, Chief Executive Officer for Saxo Payments.

The partnership comes after a very active summer for Saxo in which time the Danish multi-asset broker was able to secure four contracts in one month.

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