UK Payments Provider APEXX Global Enters US Market

London payments platform APEXX Global is now available in the United States, the company announced Wednesday (Jan. 12).

APEXX said as the buy now pay later (BNPL) market rises in the U.S., the company is expanding to assist payment services providers meet the growing demand. In what it calls a first-of-its-kind platform in the global payments marketplace, APEXX declared it has accelerated the average time to market by 90% and increased trading volumes by as much as 20%.

“We’re confident in our ability to aid the US’s fragmented and rapidly-growing demand for cutting-edge payments solutions through our single-stop platform of leading payments providers,” said Rodney Bain, co-founder and chief security officer.

Today, the company forecasts to be processing more than $20 billion with some of the biggest eCommerce brands by the end of 2022.

In December, PYMNTS reported APEXX has created a data-driven platform that puts merchants in a position where they can test one acquirer against the other, or even against a payment service provider offering attractive opportunities to increase their conversion rates.

Toreson Lloyd, APEXX’s co-founder and chief commercial officer, told PYMNTS it’s a way of putting control into the hands of merchants who can test a different provider on the platform without any commitment or having to do deep integrations.

See: APEXX Global: When Acquirers Compete, Merchants Win

“If a transaction is unsuccessful, they can simply retry with a separate issuer whose risk rules might be slightly different, or who the merchant may have a better history with,” Lloyd said, adding “there’s been a significant increase in merchant acceptance rates as a direct result of that process.”