Global payments platform APEXX Global has partnered with European low-cost airline Ryanair to help boost its conversion rates and lower local and cross-border transaction costs, as air travel opens up after the pandemic.
Ryanair’s existing payments infrastructure will benefit from APEXX, which combines acquirers, gateways, shopping carts and alternative payments methods into a single API connection.
Through the partnership, APEXX said that its global payment orchestration platform will process transactions quickly and securely through a single integration, and will also provide Ryanair with a connection to all relevant payment suppliers.
By negotiating rates with acquirers and payments services providers (PSPs), APEXX aims to achieve competitive pricing on all products for the airline.
John Norton, group treasurer at Ryanair, said with the entire travel industry having faced huge challenges during the pandemic, it is “more important than ever to have a payments process that is as seamless and efficient as possible”.
“APEXX’s approach prioritises merchants, lowers costs and boosts conversion rates, which means that we are well positioned to capitalise on the rebound in international travel across Europe,” he added.
“We are delighted to be working with one of the world most successful airlines which is at the forefront of digital innovation,” Peter Keenan, CEO and co-founder of APEXX, said.
“Our partnership with Ryanair proves that payment orchestration has come of age and that payment innovation will remain critical to future customer satisfaction and cost control.”
Image source: Ryanair