Multi-asset brokerage, Equiti Group announced today that it has partnered with payments intelligence platform, BridgerPay to expand the list of global payment solutions. The broker aims to expand in key regions with the newly developed partnership.
According to an official press release shared with Finance Magnates, Equiti Group reported a 30% increase in global deposit approvals as compared to the industry average of 10-20%. Further, the broker reported the addition of 30 local payment solutions in the South East Asian region.
The company plans to expand in the Latin American region with the new collaboration. Equiti has a wide range of payment solutions for the Latin America region as the broker now offers more than 100 payment solutions in the LATAM region, one of the few companies to do so.
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Commenting on the partnership, Gareth Bateman, Global Head of Payments at Equiti Group, said: “The significant increase in Equiti’s approval ratios in 2020 is due to the adoption of BridgerPay’s Retry technology, which decreased cart abandonment rate and increased the approval ratio with the rescue of failed transactions.”
Expanded Payment Offerings
The new partnership enables Equiti Group to rapidly integrate a broad range of local payment service providers into the system. “It is a real pleasure to work with a team of professionals who have only one outcome for their vision: success. Once we learned the business needs, our mission with Equiti was to perfect the payment experience, connect the perfect mix of payment providers for both local and global solutions, and have the ability to optimise them. We are proud to see real growth in all of Equiti’s metrics; from rescued transactions, increased approval ratios to total processed volume, even more so given the disruption of workflow during the COVID-19 pandemic. We are delighted to have Equiti as a flagship client,” Ran Cohen, CEO and Founder of BridgerPay, said in a statement.
One of the key benefits of the BridgerPay partnership with Equiti is the introduction of a wide range of alternative payment options such as e-wallets, credit and debit cards, mobile money, Equiti branded pre-paid cards and online payments.