View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 16, 2020

RocketFuel and Sila team up to enable frictionless payments

Blockchain based checkout solution provider RocketFuel has partnered with ACH and digital wallet API provider Sila to offer frictionless payments.

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.

Under the partnership, Sila has been integrated with the RocketFuel Platform.

This will allow the users of RocketFuel to pay with ACH as well as digital wallets.

Besides, the alliance will enable Sila to bring the RocketFuel checkout solution to its merchants.

For the two firms, the tie-up is said to support the expansion of the payment and check-out solutions to e-commerce and brick-and-mortar merchants.

It is also said to widen the sales channels.

RocketFuel CEO Gert Funk said: “We are pleased to partner with such a forward looking and innovative company that understands the value and importance of offering access to secure blockchain based digital payments, focusing on protecting sensitive consumer data details and ensuring frictionless and with high cart conversion rates.

“We believe that by adding the Sila payment methods, digital wallets linked to any of the around 400M US bank accounts our approach and offering to our merchants will be improved significantly.”

Earlier this month, Sila closed a $7.7m seed funding round co-led by Madrona Venture Group and Oregon Venture Fund.

Mucker Capital, 99 Tartans, Taavet Kinrikus, CEO and co-founder of Transferwise as well as investor and entrepreneur Jerry Neumann also participated in the funding round.

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.

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