APEXX Global announced the expansion of its global presence with entrance into the US market today. The global payments firm mentioned that Buy Now Pay Later (BNPL) technology has changed the international payments sector.
After rapid growth in the European region, APEXX Global is ready to introduce its industry-leading payments orchestration and processing platform to the users in the US market. The company is currently operating in more than 70 countries around the world.
The rising interest in BNPL options is one of the major reasons for the entrance of APEXX Global in the US market. According to the company, its payment orchestration platform boasts an integrated BNPL solution with more than 14 BNPL providers.
“Payment service providers (PSPs) are struggling with the speed of change and offering their customers the solutions they want in the markets they serve, especially among those in the BNPL industry,” said Rodney Bain, the Co-Founder, and CSO at APEXX Global. “At APEXX Global, we’re confident in our ability to aid the US’s fragmented and rapidly-growing demand for cutting-edge payments solutions through our single-stop platform of leading payments providers.”
In November 2021, APEXX Global announced a collaboration with Discover Global Network to support merchants and Discover Global Network cardholders internationally.
BNPL Industry
Due to its flexible payment options, BNPL gained popularity among developed economies around the world. According to an estimate, the BNPL industry is set to hit $680 billion in transaction volume globally by 2025.
“The global B2C e-commerce market is set to reach $6.54 trillion by 2023, and online shopping is one of the most popular online activities in the nation, but poor checkout experiences mean e-commerce businesses risk losing billions in potential revenue at the point of sale due to outdated and cumbersome legacy systems and processes,” continued Bain. “As U.S. consumers continue their adoption of BNPL, APEXX Global’s unique API and orchestration platform is one of the only systems that can handle the coming wave.”
