PayCore.io has released a white label PSP solution for banks, acquirers and payment service providers (PSPs). The first customer of PayCore.io white label PSP interfaces is a European payment service provider serving merchants in the Polish and Ukrainian markets and is now preparing to enter other European markets. Currently, around 10 million transactions are recorded monthly on its platform, including transactions using debit and credit cards and digital wallets.
The white label PSP proposition enables PayCore.io’s customers to offer PSP services to merchants without having to make significant investments into technical infrastructure or software development that allows them to solely focus on interacting with their customers and prospects and other aspects of the business. The solution is a white label merchant back office combined with the recently enhanced PayCore.io platform to support the day-to-day operations of financial institutions.
What distinguishes the PayCore.io proposition in the market is that, besides being white-label, all merchants have an option to make large batch payouts in their back office. It enables sending payouts to an unlimited amount of recipients simultaneously by creating an array of batch payout items. They can initiate payouts using multiple payouts methods, e.g. a mix of SEPA and SWIFT transfers, Visa OCT and Mastercard MoneySend services, and PayPal wallets by account number and phone.
The white label PSP solution is an essential building block toward omni- and cross-channel and full-service payment solutions for corporate and institutional customers.
We know that our customers from both merchant and PSP sides are frustrated with the complexity of payment infrastructure and a growing number of payment options available for consumers. We see the beauty in simplifying the complex, so our customers can access the building blocks they need to respond quickly to changing business requirements.
Denys Kyrychenko, PayCore.io CEO and Co-founder