October 26, 2022 - CellPoint Digital, the global leader in Payment Orchestration, today announces a new partnership with Reach, a payment platform that simplifies how businesses sell cross-border--enabling merchants to process payments locally while selling globally.
An estimated 30% of eCommerce sales are now cross-border, but for businesses to accept payments in-country, many traditional payment acquirers require merchants to have in-country business entities – which can cause costly and complex operational challenges.
Reach solves this common pain point by using a Merchant of Record model that allows merchants to process in-country worldwide without having a local entity. In this way, merchants can avoid the process of establishing foreign entities in multiple markets while still benefiting from higher in-country approval rates and bypassing more expensive cross-border interchange fees.
Additionally, Reach offers cost-effective and streamlined cross-border transactions for any industry or use-case, helping customers in B2B, SaaS, marketplace, and retail.
Commenting on the partnership, CellPoint Digital CEO, Kristian Gjerding, said: “As the pioneers of Payment Orchestration we know how important it is to allow customers to shop in their local currency and pay how they choose. Reach’s global network takes the border out of cross-border payments by processing transactions through entities local to merchants’ customers and in their local currency.
The growth of cross-border transactions has presented several issues for businesses looking to scale further and expand their base of customers. The combination of CellPoint Digital’s Payment Orchestration Platform combined with simplified cross-border services is another win for merchants.
Another win for merchants is how well this partnership allows Reach and CellPoint to leverage their key competencies. Reach provides multiple payment methods, supports 36 languages, and offers in-country payments, while CellPoint Digital optimizes the payment experience and provides businesses insight into the payment ecosystem to maximize approvals, lower costs and take greater control of payments.
The partnership is the latest in CellPoint Digital’s ongoing commitment to offer easy-to-implement solutions that help merchants solve cross-border, operational and technological challenges and simplify back-office complexities.
For more details, visit https://cellpointdigital.com/
About CellPoint Digital
CellPoint Digital is a fintech leader in payment orchestration. CellPoint Digital’s main solution is a powerful Payment Orchestration Platform that optimises digital payment transactions, from cards or alternative payment methods, and accelerates the deployment of new payment options. Merchants can easily scale their own payment ecosystem across the world, unify the customer payment experience across their website, mobile apps and other channels, optimize the routing of each transaction, increase conversion rates and minimise payment costs. CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore.
Visit www.cellpointdigital.com to learn more.
We take the border out of cross-border transactions. Reach enables and empowers you to reach customers in international markets from anywhere in the world.
We believe international borders should never be barriers to ecommerce. Our mission is to empower you to stay local and sell global, and we work tirelessly to eliminate costs and pain points that prevent you from doing so. We accomplish this through our strategic partnerships with leading currency exchange providers that allows us to offer you direct and real-time currency exchange rates that are guaranteed for up to 90 days.
We are world-leading experts in what your local challenges are and what your international consumers want, and we’re constantly improving to support ever-changing ecommerce markets to serve both you, and them, better.