Praxis Cashier, a smart payment technology provider, has partnered with CurrentDesk, another brokerage-specific CRM solutions vendor, integrating their systems.

According to the press release shared with Finance Magnates, this integration will allow foreign exchange (forex) brokers to access Praxis’ services from CurrentDesk’s broker management platform.

Commenting on the integration, CurrentDesk Co-founder, Travis Dahm said: “Our goal is to strategically align with companies such as Praxis to give our customers the tools they need quickly and efficiently. The collaboration helps our clients to remain current in a constantly evolving payment processing industry.”

Offering Access to a Massive Payments Network

Praxis offers PCI 1-compliant smart cashier software that has access to over 350 payment service providers (PSP) and more than 1,000 alternative payment methods (APM) connections. This vast payment option allows brokers to chose the most beneficial deposit methods in any jurisdiction.

According to the companies, the integration of Praxis into CurrentDesk will allow brokerages to up their deposits by 10 to 20 percent within weeks.

“We are pleased to announce our cooperation with CurrentDesk and for merchants to take advantage of the swift setup time facilitated by this new integration,” Praxis’ Senior Business Development Manager, Natalie Agopian, said. “Our advanced cashier software and efficiency in integrating new payment solutions will greatly assist brokers in their business needs.”

Founded in 2014, Praxis is based in Cyprus and primarily caters to fintech, online gaming and e-commerce companies, and it can handle high-volume transactions, overcoming the processing challenges.

Last month, Praxis inked a deal with IC Markets thus adding to the Aussie broker’s global payment channels.