PPRO Group Partners with YapStone to Bring Alternative Payment Methods to Global Marketplaces

Atlanta, July 12, 2018 – PPRO Group, a cross-border e-payment specialist, today announced it will enable online marketplace payments provider YapStone to offer Alternative Payment Methods (APMs) also referred to as Local Payment Methods (LPMs). The move will expand YapStone’s global e-commerce reach across the travel, vacation rental and new online marketplaces and software partnerships.

YapStone’s customers will now be able to access dozens of APMs from around the world, including iDEALand SOFORT, allowing its merchants’ customers to transact seamlessly and securely through their preferred payment options. As part of this partnership, PPRO provides APMs for cross-border e-commerce and YapStone facilitates the processing, collection and settlement for the merchants.

According to eMarketer, global e-commerce increased by 25 percent last year to more than $2.3 trillion. An uptick in global online spending has brought increased interest in APMs. PPRO’s research affirms that alternative payment methods are the preferred option of making online purchases in many countries. In various markets across the globe, 50 percent of online transactions involve APMs.

“Empowering customers to transact online using APMs is vital to global marketplaces,” says Bruce Dragt, EVP of Product at YapStone. “We are proud to deliver best-in-class payment solutions to our customers, through this partnership with PPRO, as we welcome this new era in which specific consumer groups demand APMs as the payment method of choice.”

“Businesses that sell cross-border reported nearly double sales revenues compared to those that do not,” says Steve Villegas, PPRO’s Vice President of Partner Management. “In order for merchants to succeed in the global landscape, having trusted payment service providers and acquirers are critical to support them efficiently. We are pleased to partner with YapStone to help provide its cross-border customers with APMs that will increase their expansion within the global marketplace,” Villegas says.

News of this latest partnership reiterates PPRO’s commitment to supporting APMs by offering over 140 local payment schemes across 175 countries. This breadth of offerings enables payment service providers like YapStone to magnify their merchants’ global ecommerce reach through one unified, seamless and frictionless process while assuming larger conversion success.

For more information or to arrange an interview with executives from PPRO and YapStone to discuss this partnership in more detail, please contact Nikkia Adolphe at [email protected] or via phone at (678) 367-0043.

About PPRO Group
Cross-border e-payment specialist, PPRO Group, (PPRO) removes the complexity of international e-commerce payments by acquiring, collecting and processing an extensive range of alternative payments methods for Payment Service Providers (PSPs) under one contract, through one platform and one single integration. PPRO supports international payment methods across 175 countries, allowing PSPs to expand their merchants’ e-commerce reach, arrange hassle-free collection and achieve higher conversion rates.

PPRO also issues Visa and Mastercard consumer prepaid cards, under its own brand name VIABUY, and enables B2B prepaid cards, under its CROSSCARD and FLEETMONEY brands, which can be issued both physically and as virtual cards or NFC devices (as stickers).

Founded in 2006 and headquartered in London, PPRO is an e-money institution regulated by the UK’s Financial Conduct Authority and headquartered in London. For more information, please visit www.ppro.com.

About YapStone
YapStone is a provider of online and mobile payment solutions for global marketplaces, software, and large vertical markets, powering electronic payments for sharing economy marketplaces, such as HomeAway® and VRBO®, and thousands of apartment and vacation rental companies, homeowners’ associations, self-storage companies, and many other markets.

YapStone processes over $18B in payment volume annually and has been recognized on the Inc. 5000 list of Fastest-Growing Private Companies for ten consecutive years, as well as San Francisco Bay Area’s Best and Brightest Company to Work For by the National Association for Business Resources.

The company has raised over $120 million from investors including Premji Invest, Accel, Meritech Capital and MasterCard. Headquartered in Walnut Creek, California, YapStone has additional offices in Santa Monica, California and Ireland.