View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 30, 2020

FSS and Fair Play Pay tie up to secure online payment processing

Indian payment solutions firm FSS Technologies has teamed up with Czech Republic-based payments firm Fair Play Pay to secure online payment processing.

Free Report
img

What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

Under the agreement, Fair Play Pay will implement FSS Payment Gateway and Merchant Hub to secure online payment processing as well as support transaction settlement.

Fair Play head of the board Dajnis Vasiljevs said: “The collaboration with FSS enables us to leverage its globally trusted Payment Gateway and work with a partner who understands our business.

“As the pace of growth accelerates in the coming months, FSS will help us to innovate and scale at speed in order to fully capitalise on market opportunities.”

FSS will host the Payment Gateway and Merchant on its payment processing centre FSSNeT. This offers Fair Play access to a scalable and secure payments infrastructure.

The FSS Payment Gateway facilitates payment acceptance through alternate non-card payment method support to support an optimised payment set-up.

Moreover, the company offers merchant lifecycle capabilities and added value services like 3DS 2.0 authentication capabilities, real-time fraud prevention as well as advanced analytics.

Through FSS’ SaaS model, Fair Play is said to gain high scalability, compliance, upgrades, and monitoring for offering quality service to merchants.

FSS head of Europe, UK and America’s Haresh Hemrajani said: “We are excited to be working alongside Fair Play to support its expansion plans in the online acquiring space.

“Our unique SaaS model enables Fair Play to improve speed to market, deliver innovative online payment services to merchants and rapidly penetrate new segments.”

Free Report
img

What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International