FinXP has just launched Real Time Payments by FinXP (RPTF), an account-to-account alternative payment method targeting European online merchants that want to take advantage of a fast, secure, and affordable payment option to increase their profitability.

Given the accelerated rise in the use of digital payments over the past year, especially via alternative payment methods, it has become increasingly important for online merchants to offer reliable payment options that maintain high checkout conversion rates while charging low transaction fees. The cost benefits of using RTPF are noteworthy as the transaction fees are not only lower than card processing fees but they can also be lower than the fees charges by other popular alternative payment methods.

Commenting on the recent product launch, FinXP CEO Jens Podewski stated that “the company already offers online merchants several payment and banking solutions such as a payment gateway with 350+ payment methods as well as IBAN accounts in which merchants can make and receive payments. With RTPF we are now offering an exclusive payment method that introduces something different to the market”.

RTPF is currently only available for the German and Austrian markets but FinXP is working to increase coverage Europe-wide by the end of the year. The payment method can be used for real-time, cross-border payments while enjoying a very low risk of fraud.

FinXP has plans to further develop RTPF as well as other payment products as it seeks to establish itself as an innovative leader in the Paytech industry. For more information, please contact sales@finxp.com.

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