MiFinity, a Belfast headquartered global payments provider revealed in its latest announcement that it has increased the number of local payment options available within its platform to better support its clients in Europe and LATAM market region. According to statement from the firm, its MiFinity eWallet and payment platform now provides 42 new local payment options in these regions. Also in order to enhance and improve its local payment options and customer experience, it has increased the total number of currencies supported by its eWallet platform to support 11 different currencies. MiFinity’s clients reap several key benefits from changes made to the firm’s local payment platform.
Some of the easily recognizable benefits include – Facility for clients to choose their preferred local payment method with support for same provided in local currency and language, increased comfort for clients in service usage given the feature for personalized user experience, increased speed and ease of payment transaction with minimal clicks requirement, direct payment option for clients to facilitate increased acceptance and authorization rates and greater control for clients over spending mechanism/patterns. An eWallet payment mode is faster, simpler and secure way of payment transaction compared to traditional payment options. Given the latest changes made to MiFinity’s eWallet service, the product now supports deposit, withdrawal and transfer functionalities in wide range of currencies across its supported market regions.
Speaking about the changes introduced to its product, Kieron Nolan – Chief Financial Officer at MiFinity said, “We are very excited about this latest product rollout. These additional payment options will complement the MiFinity payment platform and allow our Merchants to better target their client base with these local solutions. This latest product release coupled with the weekly onboarding and rollout of new Merchants onto the platform have helped move the MiFinity offering onto a new level. We fully appreciate and acknowledge the belief shown by our current and future Merchants in our product and look forward to the continued roll out and evolution of the platform”.
About the firm:
MiFinity Payments was established in 2002 and currently offers wide range of cost-effective and efficient end to end payment solutions. Its most popular products are Prepaid Cards, Corporate Payments and eWallet. It should be noted that the firm’s UK based FCA regulated subsidiary which is well known in the market as an e-money institution has now obtained approval from Malta’s regulatory body MFSA to provide financial services in the country.