Optile aims to provide transparency, flexibility, redundancy, and independence

Payoneer acquires an open payment orchestration platform. Source: shutterstock.com

Payoneer announced it has acquired Optile, a tech company that streamlines payment acceptance processes for merchants worldwide.

Optile’s payment orchestration platform (POP) intends to reach faster to new markets, integrating all the players of the global payment market in one layer.

The implementation of Optile’s platform allows sellers to gain full control over payments. It allows them to design and optimize their payment experience, improving payment conversion and customer retention. Optile’s single API accelerates time-to-market, reduces cost and enhances tech infrastructure.

What is more, Optile allows merchants to create their ecosystem of affiliated partners to increase cross-selling and open new income streams.

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