MiFinity and Praxis strengthen partnership

MiFinity and Praxis Tech Strengthen Partnership

Staff Writer Industry News 22

MiFinity announces the strengthening of its collaboration with Praxis. The global payment provider will embed itself deeper into the Praxis payment ecosystem.

The MiFinity eWallet has been successfully integrated into the Praxis platform since 2020, with the payment provider continuing to innovate its payment solutions. As a result, MiFinity currently stands as the fastest-growing e-wallet on the market. It has seen record growth in the last two years regarding customer acquisition, transactions, merchant integrations, and market penetration. In addition, the e-wallet has proven itself as a global payment provider. This is all thanks to handling transactions in 17 native currencies, over 60 local payment methods, and a localized user experience in 20 languages.

A Record Growth

MiFinity’s Paul Kavanagh, says: “Our product has matured significantly since we first partnered with Praxis. We’re doing more than ever for our merchants and customers, with highly competitive pricing for merchants and super-low fees for our e-wallet customers.”

As a result, MiFinity recorded 1,300% transactional growth in 2021. Their list of currencies, payment methods and services are growing continually, and they are adding new features and benefits at every opportunity.

Praxis’ Amit Klatchko, adds: “When we onboard a new PSP, we look for providers that add value for merchants. MiFinity has demonstrated this by continually innovating and expanding its payment services to help our merchants streamline payments and convert customers.”

MiFinity e-Wallet

The MiFinity e-wallet allows customers to deposit, withdraw and transfer funds securely using their preferred payment method. It also increases conversion rates for merchants in sectors such as iGaming and Forex. Merchants also benefit from the MiFinity iFrame, since it delivers a high-converting payment journey for their players and traders. Furthermore, Praxis merchants can take advantage of fast-track onboarding to integrate MiFinity solutions in their Praxis cashier.

MiFinity plans to continue its record growth in 2022 and beyond. It plans on integrating many more merchants and exceeding its 2021 successes.

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