TL;DR:
- EBANX unveils its product series for 29 countries in LATAM, the Caribbean, Africa, and Asia.
- Features include advanced anti-fraud measures, B2B payment enhancements, and expansion into new markets.
- The anti-fraud solution uses machine learning, reducing chargebacks and boosting approval rates.
- The tailored approach considers local buyer behavior and payment methods.
- Improved B2B payment processing simplifies cross-border transactions.
- High-Value Tickets solution allows processing large transactions in multiple countries.
- Enhanced card processing performance with increased security measures.
- EBANX expands to eight more African countries, two Caribbean nations and enters the Indian market.
Main AI News:
In a strategic move to cater to the evolving needs of merchants across 29 countries in LATAM, the Caribbean, Africa, and Asia, EBANX has introduced its groundbreaking Product Series. This series encompasses a wide array of features, including cutting-edge anti-fraud measures and B2B payment processing enhancements. EBANX’s expansion into new markets, such as India, further solidifies its commitment to offering augmented payment solutions that prioritize security and performance.
Advanced Anti-Fraud Solutions
EBANX’s new anti-fraud solution is a game-changer for global merchants engaged in cross-border transactions. Leveraging advanced machine learning, it offers real-time transaction scoring, seamless chargeback automation, A/B testing, and industry-specific enhancements. This solution has demonstrated an impressive boost of up to 5% in approval rates, coupled with a 0.67% reduction in chargeback rates, a testament to its efficacy.
Tailored to Local Markets
Recognizing the diversity in buyer behavior and payment methods across different industries and regions, EBANX’s anti-fraud solution employs a multi-layered approach. By considering local behavior and financial ID information, this solution minimizes risks effectively. The proprietary antifraud machine categorizes transactions based on over 100 behavior combinations, local data, and parameters, utilizing both hard rules and machine learning to detect evolving fraud patterns.
Optimized B2B Payment Processing
EBANX’s pay-in and payout solutions have undergone significant improvements, now available in 25 markets. This comprehensive offering simplifies cross-border transactions, allowing companies to send and receive payments effortlessly in various currencies. Additionally, EBANX’s B2B payment solution streamlines invoicing, reducing intermediaries and fostering interoperability among real-time payment systems.
High-Value Transactions
Merchants can now process transactions of up to USD 100,000 in multiple countries, including Mexico, Colombia, Peru, Chile, Argentina, Nigeria, and Brazil, thanks to EBANX’s High-Value Tickets solution. This automated billing system not only reduces intermediary costs but also enhances transparency and customization during the checkout process.
Enhanced Card Processing Performance
EBANX’s commitment to efficiency extends to card processing. With innovative features such as 3D Secure, Network Tokenization, and Pre-Authorization, the company balances approval rates and chargeback levels, providing a safer transaction environment for all parties involved.
Expanding Horizons
EBANX’s relentless pursuit of global expansion continues with its presence in eight additional African countries and two Caribbean nations. Notably, it has successfully entered the Indian market, enabling merchants to connect with Indian buyers. With a network spanning Latin America, the Caribbean, Africa, and Asia, EBANX bridges the gap between 1,600 merchants and over 1 billion digital buyers across 29 countries.
Conclusion:
EBANX’s innovative Product Series signifies a significant leap in the global payment industry. With advanced anti-fraud measures, tailored solutions, and expanded market reach, EBANX is well-positioned to meet the evolving needs of merchants worldwide. This development reinforces EBANX’s commitment to security, efficiency, and customer satisfaction, making it a formidable player in the international payment landscape.
