written and last updated by
Sam Smith at
14 Nov 2023
Journalist, Editorial Department
PayMatrix has launched "AcquiringXP," a platform designed for processing payments in the high-risk sector. Currently, the system operates in Russia, India, Kyrgyzstan, and Belarus. The platform is built on P2P (Person-to-Person) technology. According to PayMatrix, the service utilizes popular local transfer methods for each currency. For instance, in Russia, it supports SBER, Tinkoff, and the Faster Payments System (FPS).
Previously, PayMatrix handled high-risk payments through traditional banking gateways. The new platform claims to offer 24/7 technical online support and assumes all risks related to the security of funds. High-risk projects are provided with a comprehensive API for quick integration and customization to accommodate any volume of daily transactions. Additionally, PayMatrix's UX designers have revamped the payment interface that users see when making payments, aiming to increase the success rate of transactions (conversion).
According to the PayMatrix website, service fees start at 4% of the total incoming payment volume, with rates varying by currency and decreasing as daily turnover increases. PayMatrix is currently working on expanding its services to new locations, including Uzbekistan, Kazakhstan, and Turkey.
This article serves as a news report. No professional recommendations, assessments, or guarantees regarding the service's compliance with specific requirements or standards are provided.
