16/04/2020

MiFinity rolls out local payment options in Europe & LATAM

Press Release

MiFinity, a global payments provider, today announced a significant increase in the number of local payment options available within the platform to support customers in both Europe and LATAM. The

MiFinity eWallet

and payment platform is now live with 42 additional local payment options in these regions. In order to better support the local payment options and enhance the customer experience, MiFinity has also increased the number of eWallet currencies supported within the platform to 11 settlement currencies.

The main benefits of local payment options include:

Customers can select their preferred local payment method and get support in their local language and currency

Customers are more comfortable using local payment technology which is important to offering them a personalised experience

Offers more speed and ease for making payments and often with minimal clicks

Pay directly with local solutions so increases acceptance and authorisation rates

Replaces the need for card which can suffer from high decline rates in LATAM

Gives customers greater control of spend

The MiFinity eWallet is a fast, simple and secure way for customers to perform payment transactions. Enhanced additional local payment options will support deposit, withdrawal and transfer functionality in different currencies across the platform.

“

We are very excited about this latest product rollout. These additional payment options will complement the MiFinity payment platform and allow our Merchants to better target their client base with these local solutions. This latest product release coupled with the weekly onboarding and rollout of new Merchants onto the platform have helped move the MiFinity offering onto a new level. We fully appreciate and acknowledge the belief shown by our current and future Merchants in our product and look forward to the continued roll out and evolution of the platform “

, said Kieron Nolan, Chief Financial Officer, MiFinity.

About MiFinity

MiFinity, a global payments provider, offers a range of cost-effective and efficient end-to-end payment solutions. It has more than 18 years of experience in the online payments space with a growing network of global partner relationships and a best-in-class, highly secure and regulated technology platform.

MiFinity recently launched its online eWallet, which is targeted at the online gaming, travel and ecommerce sectors. It is a fast, simple and secure way for customers to perform transactions with multiple local payment options in different currencies.

MiFinity is evolving into a true ‘omni-channel’ payment provider to the global online payment market.

®MiFinity UK Limited, trading as MiFinity, is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 [Register Ref. 900090] for the issuing of electronic money. Registered in Northern Ireland. Registered address: 28 School Road, Newtownbreda, Belfast, BT8 6BT, Northern Ireland. Registration No. NI611169.

®Mifinity Malta Limited, trading as MiFinity, is authorised by the Malta Financial Services Authority (“MFSA”) as a Financial Institution under the Financial Institutions Act 1994 (Chapter 376 of the Laws of Malta). Registered address: Level 3 (SUITE 2507), Tower Business Center, Tower Street, Swatar, Birkirkara, Malta. Registration Number C64824.