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Fintech & Ecommerce

Payoneer acquires open payment orchestration platform

Dec 12, 2019

Optile aims to provide transparency, flexibility, redundancy, and independence

Payoneer

Payoneer acquires an open payment orchestration platform. Source: shutterstock.com

Payoneer announced it has acquired Optile, a tech company that streamlines payment acceptance processes for merchants worldwide.

Optile’s payment orchestration platform (POP) intends to reach faster to new markets, integrating all the players of the global payment market in one layer.

Payoneer and Optile share a belief that in today’s fast-changing digital world filled with endless opportunity, businesses all over the globe deserve an open platform that gives them full control over their business and streamlines payments globally – empowering them to accelerate growth today and meet their evolving needs in the future. Optile’s enterprise-grade tech and partner-friendly approach is a great addition to our global platform and we’re excited to welcome the Optile team into the Payoneer family
Scott Galit, CEO of Payoneer 

The implementation of Optile’s platform allows sellers to gain full control over payments. It allows them to design and optimize their payment experience, improving payment conversion and customer retention. Optile’s single API accelerates time-to-market, reduces cost and enhances tech infrastructure.

What is more, Optile allows merchants to create their ecosystem of affiliated partners to increase cross-selling and open new income streams.

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