A single solution to cover all business payment processing

Companies are clear: the experience in the way of paying and how all financial information is managed must change. That’s why, from Finaro we want to help businesses forget about the hassle when it comes to processing payments, simplifying and analyzing transaction data. To do this, we propose unique solutions with the aim of covering emerging sectors and modernizing traditional ones.

A study carried out by Mastercard in 2020 already advanced that seven out of ten users believe that digital payments will overtake cash. And it is that the virtual world is quickly becoming the preferred setting for carrying out the most daily transactions, especially in the commercial sector, but also in others, such as transport.

The increase in users joining the new digital payment methods is a fact in Europe and, consequently, Legislation has been strengthened through the approval of PSD2. The trend is upwards on all continents and a mirror in which to look is still Asia, where super applications with multiple financial and payment options are already a settled reality.

Innovative, reliable, hyper-personalized solutions that facilitate business growth

In view of how the markets are evolving and the way in which companies are looking for partners capable of guaranteeing cutting-edge solutions, at Finaro we are promoting services end to end capable of covering the entire journey that a digital payment makes, from the origination of the transaction to the last data that can be analysed.

Our solution is fully omnichannel and is compatible with traditional or stand-alone terminals, unattended terminals, solutions for ecommerce, solutions for recurring transactions and specific solutions for retail or transit, among others.

Specifically, in the world of retail we are unique, because by having a completely omnichannel solution we can even, in a transaction made in a physical store, tokenize the transaction and share the token with ecommerce, using the SCA generated in the face-to-face environment. In this sense, we have maximum flexibility when considering the omnichannel approach.

We provide organizations with a solid global payment processingacceptance of all types of currencies and payment methods, back office, state-of-the-art support, optimized acceptance rates, less friction, and greater scalability. We are much more than a payment gateway, as we offer a totally simplified and bidirectional end-to-end service, in addition to having a full bank license.

It all starts with technology. Businesses need and should make informed business decisions, which is why it’s critical to view real-time data, easily manage transactions, refunds, chargebacks, reports, and more. Then, the more methods and types of payment, the better, basically because it results in an increase in conversions; Global connectivity to any payment processor is also key so that such conversions are optimized and there are automatic diversions if necessary.

Our payment methods are always kept up to date and archived in our token management system, where each transactional data is kept private and unalterable, available to be consulted without any sensitive information being involved. We also have specialized solutions in payouts such as Mastercard Money Send and Visa Direct.

Likewise, we find that one of the most important challenges for companies is managing the transaction funnel correctly. In Finaro we have electronic payment consultants and analysts who take care of completely optimizing the processing of our clients’ payments to record minimal losses and a fully optimized bottom line. Thus, we ensure a solid customer experience, providing an SLA or service level guarantee to customers of 99.999%.

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A unique company in the Iberian market

Based on innovation on the one hand and forging solid relationships on the other, our year-on-year growth in the Iberian market is 65%. In the region, we focus on the retail, travel, financial services, hospitality, transportation and mobility sectors, among others. We started operations in Spain in 2014 and a year earlier in Portugal. Since then, we have not stopped finding spaces to grow and differentiate ourselves from players existing.

The Iberian market has evolved tremendously in recent years, especially when it comes to e-commerce, and it is exciting to drive growth in this part of Finaro’s business. We have focused on ensuring that our customers have a solutions provider that understands their local needs, while offering them the global options they need to extend beyond their borders.

To give you an idea, Finaro now has a full bank license that allows you to manage cross-border payments in 36 countries and in multiple different currencies, in the same way that we are connected with more than 220 banks globally. Our mission is to provide efficient payment processing and ensure that businesses suffer as little loss as possible. All merchants have the task of offering solid experiences to their customers, hence the importance of keeping the complexity of payments unchanged and of generating a competitive advantage in sectors with great traction.

Speaking of our global dimension, Finaro has recently reached an agreement to be acquired by Shift4, an American payment processing company listed on the New York Stock Exchange, for 575 million dollars. As a technological benchmark for merchants, Shift4 processes more than 200,000 million dollars in payment volume per year in virtually all sectors, including hospitality, restaurants, stadiums, retail and casinos, among others.

Given that Finaro’s clients are mostly e-commerce and to a lesser extent payment terminals, the integration of Finaro in Shift4 will allow us to expand services and provide global merchants with the most complete offer as far as multidimensional payments are concerned. Through this acquisition, Finaro will achieve the perfect symbiosis, expanding its unique payment processing capabilities without any limitations in scope and magnitude.

In the United States, for example, we have an opportunity now to offer acquiring solutions. Of course, this expansion represents a real opportunity for businesses in Spain and Portugal, where we are not only growing hand in hand with booming sectors, but also with those traditional businesses that are in the process of digital transformation. For example, in the field of transport we are working with operators to simplify and unify all processes in a fully prepared open-loop MTT solution for which it verifies payment, charges passenger travel and eliminates friction.

It is shown that the solutions contactless they help to simplify processes, eliminating banknotes and top-ups from the equation, and generating greater security, confidence and speed. The experience is undoubtedly more fluid, simple and intuitive. 88% of passengers in the world expect their local transport systems to offer a choice contactless in payments, according to a Visa survey. For companies and authorities, the need is even greater given the opportunities of implementing a solution like Finaro’s.

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