Company Database - Ecommpay

Payment Solutions to Grow Your Business

Website

https://ecommpay.com/products/open-banking/

Company description

Ecommpay is an entire fintech ecosystem allowing you to make online payments and payouts globally. Get bank card acquiring, 100+ local payment methods, with built-in anti-fraud and conversion optimisation technologies. Get Open Banking by Ecommpay – a single-vendor, in-house developed payment solution that unlocks advanced OB capabilities beyond standard A2A payments.

Active since

2012

Head office

The UK 

Country offices in

Europe, UK, Asia

 

Year over year growth rate

30-40%

Number of employees

700+

Member of industry association and/or initiatives

  • Merchant Risk Council: MRC 
  • Visa, Mastercard Principal Member
  • Singapore FinTech Association
  •  Fintech Financial Crime Exchange
  • The Payments Association (TPA) 
  •  Emerging Payments
  •  ABTA A10
  •  Institute of Travel and Tourism (ITT) 
  •  London Chamber of Commerce & Industry (LCCI)
  •  European Business Aviation Association (EBAA)
  •  Business Network International (BNI)

 

Awards

• The Card & Payments Awards 
• Payments Awards
• RetailSystems Awards 2019
• PayTech Awards 2019
• eCommerce Awards 2019

Contact

info.uk@ecommpay.com

+44 3036 0043

Core solution

What are the company`s core solutions

Ecommpay is an entire fintech ecosystem that allows you to make online payments and payouts globally. It is not just a payment service provider; it is your business partner that creates data-driven tailored payment technologies for your company and guides you through this fast-changing ecommerce environment. No irrational decisions or one-size-fits-all technologies. Ecommpay’s solutions are based on analysis, and the company constantly monitors the payment process, which allows it to find the synergy between conversion and security for every client. Go global being local with 100+ alternative payment methods and direct acquiring capabilities. Feel its experts’ support and enter a new era in the history of online payments with Ecommpay.

How it works

Our Open Banking solution integrates via an API that opens access to 85% of major banks across the EU and UK. Enjoy seamless payment confirmation, effortless 3rd party funding verifications, instant pay-ins & payouts. All transactions are managed via a single dashboard, and businesses work without interruptions thanks to a guaranteed uptime of 99.999%.

What problem does the company solve?

Ecommpay offers broad coverage of a merchant's targeted regions using global and local payment methods, with excellent reliability and high conversion rates. We offer advanced in-house fraud protection to our partners and an expert-to-expert technical support team who are always ready to reply to all inquiries. 

Types of supported APIs\API standard supported

NextGenPSD2, Sparkasse, Polish API, CMA9, STET, REST API

Industries/target markets

E-retail, travel and hospitality, e-learning, mobility and transportation, video gaming, and more.

Geographical coverage

Europe, UK, Middle East, APAC, Africa, LATAM

Number of connected banks

85% of banks in the UK & EEA
Account coverage (%) across countries/regions Austria - 82% / Belgium - 94% / Estonia - 94% / Finland - 87% / France - 87% / Germany - 84% / Greece - 74% / Hungary - 79% / Ireland - 96% / Latvia - 90% / Lithuania - 90% / Netherlands - 89% / Norway - 59% / Poland - 80% / Portugal - 87% / Romania - 65% / Spain - 89% / Sweden - 92% / UK - 97%

Technology

Type of technology used

Hybrid, powered its own clouds, ready to be launched on public clouds.

Software language

Java, Golang, JS, PHP

Software developement tools

Project management Atlassian stack, PhpStorm, IntellijIdea, Jenkins, GIT

When was the core technology developed?

2012

Partners

Technology partners

Amazon AWS, Servers.com, Telia, Akamai.

Business model

Pricing model

Individual pricing is based on several factors, including but not limited to business type, turnover, average spend, and geography.

Revenue streams

Self-financing only. Our main revenue stream is acquiring.

Business strategy resources

Market analysis, industry, and end-user surveys.

Future developments

 

  • The geographical expansion of Open Banking.
  • Geographical expansion of ECOMMPAY.
  • Improvement of industry-dedicated products.
  • New payment product launches based on end-consumer behaviour and merchant need, and macro-economical factors.

Customers / Case studies

Key customers

Vivid, Mirai Flights, Accor Hotels, Teletext Holidays, Uber, Swytch Bike, Leger Holidays

Case studies