Intelligent Payment Routing by Akurateco
New technology to maximize transaction approvals
# Payment GatewayWhat is Intelligent Payment Routing by Akurateco?
Route payment transactions to the most suitable payment provider based on multiple criteria; help online businesses and customers to get rid of the declined payments frustration.
Problem
Online businesses and customers often face the frustration of declined payments due to transactions not being routed to the most suitable payment provider based on multiple criteria. This leads to lost sales for businesses and dissatisfaction for customers.
Solution
Intelligent Payment Routing by Akurateco is a technology solution designed as a dashboard that optimizes payment processes by routing transactions to the most fitting payment provider based on various criteria like location, currency, transaction size, and more. This reduces the chances of declined payments and enhances transaction approval rates.
Customers
The primary users of Intelligent Payment Routing are online businesses, ranging from e-commerce stores to digital service providers, who require efficient payment solutions to minimize declined transactions and enhance customer satisfaction.
Unique Features
This product's uniqueness lies in its ability to dynamically route transactions to the most suitable payment provider based on a wide range of criteria, significantly reducing the rate of payment declines.
User Comments
There were no specific user comments found in the given information. Further research is needed to gather user feedback.
Traction
Specific traction details such as number of users, revenue, or financing were not provided in the given information. Additional research is required for accurate data.
Market Size
The global digital payment market size is expected to reach $236.10 billion by 2028, growing at a CAGR of 19.4% from 2021 to 2028, indicating a significant market for intelligent payment routing solutions like Akurateco.
