Credorax, a Malta-based leading smart acquiring banking firm, has announced a new partnership with tech-driven minicab company eCabs. Credorax’s proprietary cross-border acquiring technology platform will enable eCabs to provide seamless payment services in its mobile app, hence increasing approval rates.
Credorax has built a global reputation for its tech-first approach to banking, which has fuelled 2,000 per cent 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 to 48 hours instead of weeks.
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 and agile reporting tools to analyze every transaction, increasing approval rates and revenues for eCabs.