epay launches recurring payments solution

Germany-based full service payment provider payment epay has announced launches for its new recurring payment solution.

The launch enables companies and brand partners worldwide to offer their digital products on a subscription basis. At the same time, the possible uses of epay's digital content portfolio will be expanded. With the new epay solution, retailers, telecommunications companies and brands can generate recurring revenue from products that were previously sold through a single transaction. Brands with digital products will get access to epay's global sales partners and their reach to consumers and sales partners can use epay's connection to its providers and strategic partners to expand their product portfolio with subscription products for their customers.

Additionally, consumers can now purchase subscription-based digital products from their preferred provider and use the products on their smartphone, laptop or PC. With the technologies and programming interfaces of the REN payment platform from Euronet, epay processes digital payments, manages additional services such as gift and prepaid cards and sells its digital content portfolio via its global dealer network. As soon as the epay interface has been set up at the retailer, a sales partner can add other brands from the epay portfolio as well as additional epay additional services such as the gift card portfolio.