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July 26, 2021

ForumPay partners Bambora on crypto payment solutions

By Shalini mani

ForumPay, which enables customers to shop using cryptocurrencies, has tied-up with payments provider Bambora to offer crypto payment solutions to merchants and online shoppers.

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The partnership aims to offer expanded payment options for a lager global audience consisting of both shoppers and merchants.

According to ForumPay CEO Joshua Tate, the firm offers merchants a ‘seamless, secure and instant’ processing solution to accept payments from the more than 54 million active crypto wallet users globally.

Tate commented: “By providing a payments service for processing crypto into fiat that functions as naturally as card payments, ForumPay enables merchants with a familiar feeling payments alternative that also gives them a competitive advantage by tapping into the fastest growing consumer base on the planet.”

Stockholm-based Bambora is part of Worldline. It offers instore and online payment processing for businesses of all sizes.

Tate further stated: “With partnerships such as these, we continue to grow our network of merchants who understand the strategic and commercial value of tapping into the vast crypto consumer market by utilising the most innovative and seamless payment solutions in the industry.”

Bambora senior business development and partnership manager Carlos Teixeira added: “We are happy to partner up with ForumPay that will put our feature-rich payment stack and comprehensive power into the hands of global merchants who require local payment options to win buyers’ trust.”

In March this year, ForumPay entered into a partnership with Sionic to expand the reach of crypto-to-fiat interchangeable payments in the US.

ForumPay will provide tokenised, end-to-end payment gateway processing services for crypto via Sionic’s digital commerce platforms.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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