Gr4vy is at Fintech Meetup in March 2023. CEO and Founder of Gr4vy, John Lunn, will be speaking about overcoming key hurdles with payment orchestration, and the trends that will shape payments and e-commerce in the coming years.

The session will cover:

• The top ways that consumer expectations are evolving for merchants
• How payment orchestration can help merchants to scale internationally and meet those expectations
• The payments trends in the near future that will shape e-commerce

With over 20 years of experience working and investing in financial services, commerce enablement, e-payments, data, security and infrastructure, John will be bringing in his expertise around how cloud-native payment orchestration can enable merchants to future-proof their payment stacks.

If you’re an e-commerce merchant and would like to discover more about how payment orchestration can help you to scale internationally and reach new customers, check out the Gr4vy platform or view our latest news and views on our blog. If you’re a merchant or a vendor interested in partnering with Gr4vy, and attending Fintech Meetup this year, get in touch with our team. 

Gr4vy gives Setplex added payments infrastructure and access to locally preferred payment methods

Gr4vy, the leading cloud-native payments infrastructure company, today announced Setplex, a leading full-service IPTV/OTT solutions provider, has selected the company’s cloud-native payment orchestration platform (POP) to accelerate time-to-market, onboard new merchants and quickly implement locally preferred payment methods. 

“Offering local payment methods can be complex due to data and privacy regulations. Payment infrastructure is crucial to overcome these hurdles, which is why we offer infrastructure-as-a-service over software-as-a-service to empower merchants with all the infrastructure needed to implement all payments,” said John Lunn, founder and CEO of Gr4vy. “Setplex delivers a best-in-class user experience across all its platforms, and works with some of the best in the streaming, IPTV and OTT industry. We’re honored to work with such a prestigious company to provide advanced payment solutions and methods that work regardless of location.”

Setplex offers highly-scalable, low-latency IPTV/OTT solutions for video, with a focus on delivering the best UI/UX across all its platforms. The company’s end-to-end video streaming and delivery platform enables broadcasters to build or upgrade to a state-of-the-art IPTV/OTT solution and has launched 150+ broadcasters, encoded 40,000 plus channels and managed over 5 million subscribers.

Gr4vy’s payment team worked with Setplex to rapidly enter new markets and implement locally preferred payment methods. Through Gr4vy’s payment orchestration platform (POP), Setplex was able to onboard a merchant in LATAM and connect to a gateway in India to accelerate new merchant acquisition and sign new customers. This ongoing partnership means Setplex can now onboard new payment solution providers (PSPs) and offer advanced payment methods, resulting in successful launches for its merchants.

“As an IPTV/OTT solution that is future-proof, we’re constantly looking to expand into new regions and take advantage of growth,” said Lionel Dreshaj, CEO of Setplex. “Gr4vy has become a trusted partner, and as a result, we can now quickly implement locally preferred payment methods without coding, tight deadlines or months of negotiations with PSPs. Gr4vy’s POP has allowed us to accelerate our time to market and expand our payment methods regardless of location while still meeting our partner’s and client’s needs. We look forward to future endeavors with such a leader in payments orchestration.” 

The announcement comes as merchants and streaming services look to scale payments and take advantage of the growth in the IPTV/OTT market. Markets and Markets reports that the IPTV market is estimated to reach 115.2 billion USD by 2026, and the global digital payments market is anticipated to increase to 180.2 billion USD by the end of the same year. As such, merchants within the streaming and IPTV industry require advanced payment infrastructure and tools to streamline and manage payment methods, services, and scale to take advantage of growth. 

Gr4vy’s infrastructure and POP enable merchants to access new markets through instances and edges to overcome hurdles around local data privacy. Merchants can access multiple instances of Gr4vy to create redundancy and reduce points of failure. These instances become a merchant’s individualized payment infrastructure with everything needed to connect to leading PSPs and manage everything within their payment stack. As a cloud infrastructure solution, Gr4vy can also spin up edges for a merchant’s instance and deploy it locally in any region or country, keeping merchant and customer data in the area or country of deployment to meet ongoing data privacy protection laws now prevalent worldwide. 

About Setplex

Setplex is a leading provider of flexible, end-to-end hardware and software solutions for OTT and IPTV offerings. The company enables broadcast, cable, satellite, and internet TV operators with a wide range of offerings for the ingestion, transcoding, delivery, and performance analysis of high-quality content. Its array of simple, powerful, scalable solutions has been installed by more than 150 broadcasters worldwide. For more information, visit https://www.setplex.com. 

Gr4vy is attending iMedia Online Retail Summit in Australia this year. The invite-only industry event hosts senior e-commerce professionals within enterprise-level retailers. It provides an environment for industry leaders to connect, network, and share some of the core issues affecting merchants. 

Gr4vy is attending alongside its partner, Woolworth’s Group’s Wpay. Gr4vy’s payment orchestration platform (POP) technology powers Wpay’s payment platform to accelerate the company’s product development and innovation agenda. The partnership allows Wpay to easily deploy and manage payment complexities and offer advanced payment optionality to Woolworths brands and other Wpay merchants in Australia.

To find out more about the partnership between Wpay and Gr4vy, check out the full press release and overview video by Gr4vy’s CEO and Founder, John Lunn. If you’re a merchant or a vendor interested in partnering with Gr4vy, get in touch with our team.

Gr4vy will be attending Shoptalk USA this year, with its expert payments team joining fellow payments and retail industry experts to discuss some of the core issues affecting merchants today and in the near future. 

Shoptalk USA, hosted in Las Vegas, is where thousands of retail changemakers come together every year to create the future of retail. The Shoptalk agenda covers the latest technologies, trends and business models, as well as the rapid transformation of what consumers discover, shop for and buy—everything ranging from apparel and electronics to beauty and grocery.

In addition to this, attendees and speakers will cover the e-commerce hurdles and how payments and other elements of the supply chain can have an impact on merchants. 

To find out more, check out the Gr4vy platform or view our latest news and views on our blog. If you’re a merchant or a vendor interested in partnering with Gr4vy, and attending Shoptalk USA in Las Vegas this year, book a session with our team. 

Gr4vy, the leading cloud-native payments infrastructure company, today announced Mythical Games, the leading gaming company, has chosen the company’s cloud-native payment orchestration platform (POP) to deliver increased flexibility and diverse payment options at the time of checkout. The next-generation games technology company selected Gr4vy’s no-code platform for its advanced features, multiple connectors to leading PSPs (payment service providers) and ability to control payment data and portability within a PCI1-certified agnostic vault.

“Adding new payment options can be complicated, causing additional strain on development teams and company resources. It’s imperative for gaming companies to provide the payment methods consumers demand while still being able to save costs and scale,” said John Lunn, Founder and CEO of Gr4vy. “Mythical Games provides unmatched services to their customers. We’re honored to work with such a well-known name in the gaming industry and provide a cloud-native POP that allows them to quickly add new payment providers, deliver against their organizational goals and scale globally.”

Mythical Games powers the next generation of players, games and studios. The Mythical Platform provides the underlying technology of their peer-to-peer Marketplace and manages trades, payments, users and blockchain inventory. The Marketplace unlocks the value of a player’s monetary and time-based efforts, by making it possible for buyers and sellers to transact their digital assets confidently in a secure and trusted environment.

This announcement comes as the gaming industry continues to experience exponential growth. Revenue in the video games segment is expected to reach $365.60 billion (US) in 2023 and market volume is projected to reach $482.30 billion (US) by 2027. Mythical Games, with Gr4vy’s platform, can now more easily achieve direct contact with key payment service providers anywhere without using internal resources. They can wield no-code tools to add, test, and deploy new payment methods and route for costs, all while controlling and tokenizing transaction data within Gr4vy’s PCI1-certified agnostic vault. As a result, the company can easily comply with local data regulations, consolidate its payments infrastructure and securely move transaction data while remaining fully PCI compliant.

“Gr4vy’s platform allows us to further modernize our technology and payments stack while offering the latest payment methods in just a few clicks,” said Tina VanBrunt, Sr. Director of Trust and Safety at Mythical Games. “Gr4vy is truly an amazing partner and has become an important extension of our internal teams.”

Gr4vy’s payment orchestration layer makes it easier for merchants to deploy, manage, customize and optimize the right payment method for the specific user. Merchants can get multiple dedicated instances of Gr4vy in the Cloud to reduce points of failure and ensure they never lose a transaction. The platform includes everything merchants need for payment infrastructure, including connectors to leading payment service providers, a powerful workflow engine, front and backend payment orchestration, a PCI1-certified vault and a dashboard to control everything within their payments stack.

Download our free eGuide for how gaming companies can make the most of payment orchestration platforms

Gr4vy is at MRC Las Vegas in March 2023. CEO and Founder, John Lunn, will be speaking on a panel alongside Alex Butler of Mythical Games, and Joe Mas of PlayStation. The panel will cover payment orchestration and whether gaming merchants should buy or build. 

With over two decades of experience working and investing in financial services, commerce enablement, e-payments, data, security and infrastructure, John will be bringing in his expertise around how cloud-native payment orchestration can enable merchants to future-proof their payment stacks.

With many merchants already engaged in a payments strategy supported by payments teams, the question often surfaces – should a payment orchestration solution be built in-house or purchased through a third-party provider? Join the discussion for more insight, and to discover why Mythical Games selected Gr4vy as its payment orchestration provider. 

Panel details:

Wednesday 8th March, 14:45, Pinyon 2

In addition, Gr4vy’s team of payments experts will be in attendance at Booth 510 for any burning questions merchants may have around payment orchestration. 

If you’re a gaming merchant and would like to discover more about how payment orchestration can help you to scale internationally and reach new customers, download Gr4vy’s eGuide for how gaming companies can make the most of payment orchestration platforms, or find out why Mythical Games chose Gr4vy to deliver payments diversification. 

Payment orchestration exists to help merchants streamline their payments ecosystem by enabling them to add multiple payment methods, optimize approval rates through smart routing and keep within data and privacy regulations as they scale globally. But building a payment orchestration solution in-house is time-consuming and expensive, with many risks at every step.

So, what is the alternative? Here are the top five reasons you should outsource your payment orchestration platform:

1. Save time – according to a whitepaper produced by Retail Payments Global Consultancy Group (RPGC); it will take between 30,104 to 33,227 hours of developer time to build a minimum viable product (MVP) payment orchestration platform in-house. Assuming a merchant is assigning four engineers to the project, that adds up to an estimated 188-208+ weeks for completion
2. Cost optimization – Ensure optimal pricing and better approval rates by intelligently routing transactions through multiple PSPs. With a POP, you can build workflows and establish rules to route each transaction to different payment providers based on many variables.
3. Reduce maintenance burden – all technology integrations are subject to ongoing maintenance, and If anything fails, it can cost a merchant money in sales. A third-party POP can mitigate this risk with its high-fidelity, failover routing, and complete and well-maintained integrations.
4. Stress-free card data storage and regulatory compliance – Security Matrix reports that a compliance assessment alone can cost upwards of $70k per year for large merchants, with TrustNet estimating compliance costs reach up to millions of dollars annually. Each market a merchant expands into will have its own local regulations that a merchant must adhere to. A PCI-compliant third-party POP can remove the burden for merchants and maintain it on an ongoing basis.
5. To save on finding and maintaining internal resources: access to engineering talent is a constraint. Payment engineers are in high demand and are increasingly difficult to find. Couple that with long-term turnover risk and staffing, and an in-house POP solution becomes tricky and expensive. The hourly rate for software development in the US is among the highest in the world, ranging from $41-$71 per hour. The total cost, including taxes and benefits, can bring that range up to $85-148k per year on an annual salary.

The total transaction value in digital payments is projected to reach over $2bn in 2023 in the US alone. Given the sensitive nature of payments data, transaction latency concerns, and how regulators in many countries are now thinking about where data is processed and stored, a cloud-native POP solution is imperative for local cloud processing and storage. The current cost of setting up, automating, and scaling cloud infrastructure on top of an already complex payment orchestration layer can be substantial and time-consuming.

Gr4vy understands that cloud infrastructure-as-a-service (IaaS) is the future of fintech. Gr4vy is the first cloud-native IaaS platform that offers a future-proofed payment infrastructure designed to grow with your business so that you never lose a transaction. Our solution leverages the latest innovation in cloud computing so you can have your independent infrastructure deployment of Gr4vy – giving you full control over resilience, redundancy, and performance.

Gr4vy offers:

• Cloud-based IaaS
• PCI DSS Level 1 Compliance vault
• Single integration
• No-code workflows for Payment Orchestration
• Full control over your payment stack

Discover how Gr4vy can be your payment orchestration solution, or download our eGuide to discover the differences between an IaaS vs. SaaS payment orchestration provider.

Gr4vy, the leading cloud-native payments infrastructure company, today announced Ding.com, a world-leading mobile top-up service, has selected the company’s cloud-native payment orchestration platform (POP) to offer alternative payment methods and increase flexibility at the time of checkout.

The mobile top-up giant chose Gr4vy to seamlessly connect to leading PSPs (payment service providers), with no code, through advanced APIs, and provide all the infrastructure needed to help address PCI compliance and meet global payment data regulations. Ding will utilize Gr4vy’s full suite of features and benefits to offer greater payment optionality as it accelerates growth into new international markets.

“Meeting customer demand for new ways to pay can be both challenging and complex. Added to this complexity is the ability to keep customer payment data secure while still meeting current and future payment data regulations,” said John Lunn, Founder and CEO of Gr4vy. “We’ve built our cloud-native POP with the utmost concern for merchants and their customers’ payment needs and data security. Ding shares this same commitment to payment diversification and security. We’re pleased to partner with Ding as they continue to build the safest, simplest, most convenient top-up service for mobile anywhere.”

Ding is the number one international mobile top-up service in the world. Keeping people connected since 2006, Ding users have successfully sent over 500 million top-ups globally, via the company’s app, online at Ding.com, and in-store at over 600,000+ retail outlets worldwide. The company delivers a top-up every second via over 850 operators across 150-plus countries, to ensure families and friends stay connected.

“The partnership with Gr4vy will support Ding’s payment strategy and expansion plans, removing the complexity of offering new payment types and accelerating speed to market when entering new markets,” said Micheál Egan, Head of Payments at Ding.com. “Ding chose Gr4vy’s cloud-first API offering as it stood out from other payment orchestration providers, allowing us to be more flexible and agile in supporting Ding’s long-term goals.”

The announcement comes as the worldwide smartphone market was projected to reach 1.38 billion units shipped in 2022 and rise to 1.53 billion units shipped by 2026. As more consumers turn to mobile phones, the prepaid economy will continue to expand, making the ability to pay for international mobile top-up services more crucial industry-wide.

Gr4vy’s payment orchestration layer makes it easier for merchants everywhere to deploy, manage, customize and optimize the right payment method for the specific user. Merchants can get multiple dedicated instances of Gr4vy in the Cloud to reduce points of failure. The platform includes everything needed for payment infrastructure, including connectors to leading PSPs, a powerful workflow engine, front and backend payment orchestration, a PCI-certified vault and a dashboard to control everything within their payments stack.

For an overview of Gr4vy’s platform, watch this short video, or explore the platform features and get in touch with a member of our team to learn more.

Today’s consumers have more choices than ever, and merchants face increasingly complex payment infrastructure requirements to enable these consumers to buy what they want when they want, and how they want. Consumers expect a frictionless experience at every step of a transaction, including the most critical part – the checkout. A recent study from The Baymard Institute shows that one out of five shoppers finds complicated checkouts as the main reason to abandon their cart, and if we consider only the usability issues solvable through a frictionless checkout experience, the average large-sized e-commerce business could get a 35.26% increase in their conversion rate. In a fast-moving industry, offering a seamless checkout experience with preferred payment methods is more critical than ever for merchants.

Payment service providers (PSPs) often support multiple integration options and checkout pages. Therefore, working with the right provider that can continuously support technological innovation while providing payment security for card data collection is essential. Merchants looking for a more intuitive and straightforward integration with their payment provider should rely on a fully featured hosted element for checkout. These pre-built checkout widgets leverage the best trends in user experience, ensuring a seamless payment journey for the shopper. On top of that, merchants can customize the checkout look and feel, making it consistent with the overall journey. Hosted checkout elements are, in most cases, secured environments, allowing businesses to collect and store card data at the time of the checkout.

Gr4vy’s hosted element, Embed, is a fully pre-built checkout experience that enables businesses to securely collect and store card data while processing card payments through a PCI DSS Level 1 environment. In addition, merchants using Embed can customize the look and feel of the widget, securing alignment with the rest of the user experience while accessing all added benefits of a payment orchestrator – without writing any additional code.

The power of Secure Fields

Another option for a seamless journey is to provide an end-to-end bespoke experience to your shopper throughout the site and at the checkout page. Hosted secure fields are often used by merchants needing to support a frictionless experience, collect card data at any point of the journey or where a redirection is not an option. As the name suggests, these are unique fields hosted by the payment provider that allows merchants to process transactions while securely collecting sensitive payment information at any step of the journey step, ensuring a 100% bespoke experience.

By implementing hosted secure fields at checkout, merchants can reimagine new ways their brand can interact with their customers. Gr4vy’s Secure Fields is a combination of hosted fields that blend into a merchant’s website, allowing merchants to accept card payments while providing flexibility to customize the checkout experience. Through Secure Fields, Gr4vy enables merchants to collect and store card data at any point of the user journey – even before the payment is processed – while simplifying the burden of PCI certification.

Independent of the integration type a merchant chooses for their business, it is essential to work with a PCI DSS compliant partner to avoid any data liability. The platform of choice should optimize conversion rates at a cart level and checkout, as well as advise and recommend how to increase sales and decrease costs as a merchant’s business grows and expands. Cloud-native Payment Orchestration Platforms can replace legacy payment infrastructures streamlining and managing payment methods and service providers in one place.

Gr4vy is a cloud-native payments company that takes the complexity out of merchants running payments infrastructure, redefining payments by providing an intuitive, cutting-edge payment orchestration platform (POP) that leverages the power of the Cloud to modernize payments infrastructure. It enables merchants to streamline and manage payment methods, services and transactions all in one place. Its orchestration layer upgrades merchants’ payments stack to make them more nimble. Its no-code dashboard centralizes the integration and management of a merchant’s payment methods, providers, conditions and transactions and empowers them to do more in less time.

For an overview of Gr4vy’s platform, watch this short video, or explore the platform features and get in touch with a member of our team to learn more.

The National Retail Federation (NRF) annual show is around the corner, and Gr4vy’s expert payments team will be at NRF, joining fellow payments and retail industry experts to discuss some of the core issues affecting merchants today and in the near future. 

The 113th NRF show, hosted in New York, is expected to cover a range of topics, with the key themes predicted to be:

• Tech-enabled customer experiences to enhance and elevate interactions for consumers
• Differentiation and competition, and how retailers are investing in their workforces
• Company culture and its impact on the store experience

In addition to this, attendees and speakers will cover the e-commerce hurdles and how payments and other elements of the supply chain can have an impact on merchants. 

To find out how Gr4vy is working with retailers across the world, check out our platform or view our latest news and views on our blog. If you’re a merchant or a vendor interested in partnering with Gr4vy, and attending NRF, get in touch to book a session with our team at the event.