Payment service provider Akurateco teams up with PAYSTRAX to widen European payment options.
Akurateco, a payment service provider, has announced a new partnership with PAYSTRAX, a licensed European payment institution based in Vilnius, Lithuania. This alliance aims to offer efficient onboarding for Akurateco's services and expand access to European markets.
The integration of Akurateco's client networks with PAYSTRAX will allow for payment processing across Europe via a unified API. This means that businesses can process payments across European markets without the need for separate acquirer integrations.
PAYSTRAX operates from four international offices: Vilnius (LT), Klaipėda (LT), Reykjavik (IS), and Brighton (UK). As one of Akurateco's provider partners, PAYSTRAX will integrate its acquiring services for Visa, Mastercard, and alternative payment methods. This integration is expected to drive better transaction approval rates for Akurateco.
Andrew Riabchuk, Founder and CTO of Akurateco, stated that this partnership enables Akurateco clients to access a fully licensed European acquirer based in Lithuania. He further added that this partnership supports multi-currency settlement, aligning with Akurateco's mission to connect merchants with the best-suited payment infrastructure in each market.
Businesses can quickly onboard via a singular API endpoint with PAYSTRAX. All these services are accessible through Akurateco's unified API platform, making the process seamless and efficient for Akurateco clients.
The PAYSTRAX integration is now live for Akurateco's client network, opening up a world of opportunities for businesses looking to expand their reach in Europe. This partnership is a significant step forward for Akurateco, strengthening its position as a leading payment service provider.
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