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10 June 2020

Credorax Partners with Mondial Bony Service S.P.A to Offer Wider Payment Services to Italian Market and Beyond

Smart payments provider will facilitate Italian payment institution’s first steps into global expansion with wider payments services and CNP offerings

Tel Aviv, Israel – June 10th , 2020 – Today, leading smart payments provider and fintech bank, Credorax, and Italian payment institution authorized by the Bank of Italy, Mondial Bony Service S.P.A announced a new partnership to broaden payment services available to Italian merchants and Mondial Bony’s customers. The partnership will enable Mondial Bony to provide Card Present Offerings and expansion into Card Not Present (CNP) transactions with one connection. Credorax will also be offering Mondial Bony smart payments solutions and card payment processing on a wider range of terminals/POS.

This partnership is the first of its kind for Credorax, marking the payments provider’s entry into the Italian market, which is rooted in tradition and deliberate in adopting new payments technologies. Additionally, in this time of unprecedented global uncertainty, streamlined payments have become more vital than ever, as levels of ecommerce and online payments continue to rise. Through enabling new payment solutions and opportunities, the partnership marks Mondial Bony Service S.P.A’s first step towards growing globally.

“We are excited to offer our payment facilitation and smart payments services to Mondial Bony,” said Igal Rotem, CEO at Credorax. “Our successful and longstanding history as members of Visa and Mastercard, along with our excellent relationship with Mondial Bony, will allow us to introduce the benefits of smart payments, next-gen processing and payment transactions to the Italian market.”

“The Italian market is looking to innovate and accept more payment types,” said Salvatore Riccio, President at Mondial Bony. “We are thrilled to be working with the agile and proactive team at Credorax to generate new and unique offerings, which cater perfectly to the evolving needs of the growing Italian payments market ecosystem.”

About Mondial Bony Services S.P.A

Mondial Mondial Bony Service Spa is a company established in Italy in 2008. In 2011 it became a payment institution authorized by the Bank of Italy for carrying out the "Money remittance" activity and in 2019 received the extension of operations for the Issuance and / or acquisition of payment instruments. By its nature, the company is subject to the supervision of the Bank of Italy and therefore always compliance with sector regulations. Mondial Bony Service Spa consists of an agency network of 350 agencies in Italy, 100 agencies in Spain, as well as its own branch.

Mondial Mondial Bony Service Spa, thanks to the agreement signed with Credorax Bank Limited, launches the Mondial POS service on Italian territory, a practical and economic solution that allows merchants to accept payments in a simple, quick and safe way, with a clear, simple and convenient price.

About Credorax

Credorax Credorax is a fintech fully-licensed bank and smart payments provider providing cross-border payments processing for eCommerce and omni-channel merchants. Credorax’s gateway technology, SourceTM, has been developed in-house to provide a streamlined payments experience so smart and secure, that merchants can reach their full business potential simply by better managing their payments. Credorax merchants can accept more than a hundred cards and local payment methods and get paid in their currency of choice. They also enjoy best-in-class approval rate optimisation, advanced anti-fraud protection, business intelligence and a host of other value-added services and products adding up to a payments experience unlike any other. To learn more, contact us at grow@credorax.com or visit www.credorax.com.

Press contact Credorax

Marisa Rijpkema
Head of Marketing, Credorax
Marisa.rijpkema@credorax.com