Worldline, European leader in the payment and transaction services industry, has selected Fiizy as one of the founding partners for the development and implementation of its new Payment Platform as a Service solution (PPaaS). Fiizy, as a specialized partner in BNPL (Buy Now Pay Later, Buy Now and Pay Later), is one of the 16 founding partners of PPaaS. Along with other leading platforms in mobile payment services, among which are AliPay, Discover Global Network or PayU.
Fiizy is a multi-entity platform specialized in consumer financing. It is founded in 2015 and based in Estonia. The company is established in Spain, Mexico and Poland. It is currently working on expanding to the Brazilian market for this same year.
Open payments ecosystem
The payments-as-a-service platform in which Fiizy participates allows companies to offer their customers innovative and integrated payment solutions in all their commercial channels. The solution consists of an open payments ecosystem that combines natively built services with connections to third-party applications. Designed to be device or vendor agnostic, Fiizy’s engagement allows merchants to easily access the most innovative payment services and finance purchases with the goal of creating and enhancing the payment experience through open APIs.
At the same time, the Fiizy platform connects consumers with financial institutions. Buyers can receive personalized offers in real time to finance their purchases through any channel through a frictionless shopping experience. Financial entities have access in real time to a wide range of verified economic data so that they can make a decision on each request in real time and optimize their credit risk. Fiizy works with more than 100 lenders. These include Santander, BNP Paribas, Citibank or American Express, among others.
In 1990, being an internet company was a business model in itself. This was followed by the cloud and later by mobile services. Now all of this is an integral part of virtually any business. The last item on this list is fintechs. They are transforming the way products and services are consumed. Fiizy is a versatile plug-and-play platform that helps merchants offer BNPL financing options for their clients.
Andres Meier, CEO of Fiizy.
As a founding member of PPaaS, Fiizy will offer an innovative “buy now, pay later” solution to users of the new platform: “We will be the piece that connects businesses and customers with the financial institutions of our network. When a buyer wants to purchase a product from a store connected to our PPaaS, Fiizy will provide them with a selection of financing offers ”, Meier comments.
