The Integration of the Two Maltese Companies’ Services is Set to Provide eCabs with Higher Approval Rates and Frictionless Payments
Valletta, Malta – January 22, 2019 – Credorax, a Malta-based leading smart acquiring banking firm, announced today a new partnership with eCabs – Malta’s leading, tech-driven minicab company. Credorax’s proprietary cross-border acquiring technology platform will enable eCabs to provide seamless payment services in its mobile app, hence increasing approval rates.
eCabs is Malta’s leading, tech-driven transportation company, dominating the market because of its embrace of technology and reputation for excellent customer service. Similarly, Credorax has built a global reputation for its tech-first approach to banking, which has fueled 2000% growth since 2012 and the development of market-leading services, such as the fastest gateway on the market and an onboarding process that takes 24-48 hours instead of weeks. It’s this embrace of technology, coupled with their shared Maltese DNA that makes the partnership of these two companies so effective.
Credorax’s payment technology stems from its ability to be both a hi-tech company and a fully licensed bank, enabling eCabs to leverage Credorax’s suite of smart acquiring tools. Credorax uses its advanced business intelligence (BI) and agile reporting tools to analyze every transaction, increasing approval rates and revenues for eCabs.
“We chose Credorax as our payment partner as we share a common vision and ethos in how technology is applied in the business domain with agility and confidence being the key success factors,” said Matthew Bezzina, CEO of eCabs. “In this context, we have integrated Credorax payment services in our new mobile app delivering the most fast, transparent, secure and responsive transportation application available on the island.”
“We are delighted to be working with eCabs, with whom we share not only a location but also a shared vision of simple payments,” said Geert van Maarssevee, Vice President Sales and Business Development at Credorax. “Our ability to process and analyze payments quickly and efficiently and to provide advanced BI tools makes this an ideal collaboration to implement our diverse payment solutions.”
About eCabs: Founded in 2010, eCabs is Malta’s leading, privately-owned passenger transportation company, moving thousands of people daily in an efficient and affordable fashion. Since inception, eCabs has developed and delivered technology-driven, passenger-centric services making it the path-finder for local private minicab operations in Malta. eCabs aims to now evolve into the leading transport solutions service provider and integrator in Malta, revolutionising mobility and inter-modality. Visit https://www.ecabs.com.mt/.
About Credorax: Founded in 2008, Credorax is one of the first technology companies in the world to have evolved into a licensed commercial bank that specializes in merchant acquiring, as well as the first bank developed specifically for the e-commerce sector. It holds merchant acquiring banking licenses in 32 countries across Europe.