BoomFi, an innovative universal payment suite bridging crypto and fiat currencies, has announced a strategic partnership with Paytiko, a leading all-in-one payment orchestration platform. This collaboration aims to provide merchants worldwide with streamlined access to cryptocurrency payment options, enhancing flexibility and expanding customer reach.
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Founded in 2020, Paytiko has established itself as a trusted payment gateway, offering digital businesses streamlined access to over 500 local and global payment service providers. Its platform empowers merchants with seamless integration, robust transaction management, real-time analytics, and enhanced risk mitigation.
BoomFi complements this by offering an all-in-one suite for handling crypto payments, exchanges, and on/off ramping, all designed to enable Paytiko’s merchants to seamlessly accept digital asset payments. Together, the companies aim to make it easier than ever for merchants to offer customers flexible, fast, and secure crypto payment options alongside traditional payment methods.
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Key Benefits for Merchants:
- Expanded Customer Reach: By enabling crypto payments, merchants can attract a new segment of tech-savvy, globally distributed customers who prefer paying with digital assets like Bitcoin, Ethereum, and stablecoins.
- Lower Transaction Costs: Crypto transactions often bypass costly intermediaries, reducing overall processing fees, particularly for cross-border payments.
- Faster Settlement: Unlike traditional payment systems, which can involve delays and banking cut-off times, crypto payments can settle near-instantly, improving cash flow for merchants.
- Diversification & Innovation: Offering crypto payments positions merchants at the forefront of payment innovation, enhancing brand perception and future-proofing their payment strategies.
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“We are thrilled to partner with BoomFi to bring the benefits of crypto payments to our global merchant base,” said Milen Marinov, Chief Product Officer of Paytiko. “This collaboration reinforces our commitment to innovation and gives our merchants more flexibility and choice in how they accept payments, ultimately driving growth and customer satisfaction.”
Jack Tang, CEO at BoomFi, added: “Our mission is to make crypto payments as easy as using a credit card. Together with Paytiko, we’re opening the door for more businesses to thrive in the digital economy.”
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Source: businesswire
