Paymentworld Europe: Helping Piece Together the Payment Gateway Puzzle
Jens Podewski, CEO and Co-Founder
As the market grows, so does its demand for new payment processing technologies to help upkeep this expansion, this has caused a flurry of e-money and e-payment solutions to flood into the market, making it difficult for companies to choose the right fit for their needs. When the cash flow and profits of an organization are at stake, the need arises for a payment processing system robust enough to satisfy all customer requirements while being flexible to be compliant with trade regulations. Founded in 2014 by Jens Podewski and Stefan Haenel, Paymentworld Europe Limited is a Malta-based e-money institution with its Holding in Germany that tackles these challenges with secure, quick, and cost-effective payment services made available through a single online payments platform and a sand box of different API’s. “A loyal team that unanimously believes that every client needs to succeed in their endeavours ensures Paymentworld’s commitment to even high-volume and high-risk B2B clients,” says Jens Podewski, CEO of Paymentworld Europe.
The company provides a single finance Merchant Portal which includes a processing gateway that combines the benefits of over 350+ local and international payment methods used in over 160 countries. From the classic payment processing of credit cards to alternative methods in Europe such as SOFORT, Paysafe Group, Giropay and many others worldwide, the solution also offers latest open banking features for instant credit for payments allowing a smoother cash-flow.
The payments can be made through desktop, mobile, or even at the Point of Sale (PoS), making it an efficient yet convenient solution served through one platform and one contract. Latest product news is the launch of the new IBAN4U.com service which provides the B2B clients with payment accounts in the name of the B2B client.
Paymentworld’s management team uses their know-how in banking and the global capital market to offer due diligence and compliance techniques to empower all their clients with the confidence and flexibility to stay ahead in their game. For example, high-risk clients from the gambling industry are usually avoided by most payment service providers. But the team at Paymentworld have vast experience working in high-risk sectors and, as such, have garnered unique insights to help clients in these markets.
“A well-established communication network with financial authorities enables us to advise clients by discussing market-related queries that most financial institutions are not in a position to address,” says Podewski. Its position as an MFSA-licensed member of FinanceMalta allows Paymentworld to work collaboratively with clients and authorities by providing advisory services along with their product line. Their consulting services also extend to an operative, regulatory, and technical issues regarding payment processing such as Instant Payments, Open Banking, 4AMLD and MDES.
Paymentworld Europe also provides a white-label e-Wallet solution that enables B2B and B2C transactions. Thanks to an intelligent management platform, the client is always in control of the applied e-Wallet solution and its associated cash flows. In the second half of 2019, the company expanded its product portfolio to support its e-wallet solutions with the launch of IBAN4U.com. This is a new electronic IBAN account service— linked to the European Central Bank`s payment gateway—that enables companies to make and receive SEPA today and SWIFT payments in 2020 on an payment account in the name of the company, in multiple currencies, without having to deal with any intermediary bank. In addition to all the aforementioned features, fraud prevention and risk management are also handled by Paymentworld Europe’s team of specialists under the company’s liability and license umbrella. This is a significant benefit for clients as they are relieved of potentially expensive manual work by accessing the company’s optimized and efficient processes.
In the near future, Paymentworld Europe looks forward to working with strategic partners who can help the company reach its goals in payment networks and IT infrastructure as well. They are also expanding—not just in Europe, Asia and the Americas—but into Africa as well since the company sees this market as underrepresented. This is in-line with its mission of enabling its customers to quickly initiate and receive payments in whatever form best suits them, wherever they are in the world.