PXP Financial (‘PXP’), the expert in payment services, data analysis and fraud, today announces that it is partnering with Discover® Global Network, the payment brand of Discover and the world’s fastest-growing global payment card network¹.
The partnership will allow merchants which use PXP’s point of sale or eCommerce solution to accept payments from the 280 million Discover Global Network cardholders around the world², who collectively represent $500 billion in spend opportunity³. This will ultimately support merchants to attract a global audience and provide customers with an enhanced checkout experience. Discover Global Network’s portfolio of cards includes Diners Club International issued in over 55 territories, Discover issued in the US and over 25 network alliance partnerships, including in Brazil, South Korea, UAE, Turkey, India and the Middle East, among others. Discover* has been ranked highest in brand loyalty in the Credit Card category for 25 years in a row⁴ and the majority of cardholders made a purchase decision based on whether a merchant accepted their card⁵.
Thanks to the new partnership, merchants using PXP’s platform will be able to accept a greater range of cards, increasing their own acceptance rate and thereby delivering on PXP’s promise of frictionless payments. With eCommerce around the world skyrocketing, it is more important than ever for merchants to be able to offer a range of payment options tailored to preferences of their customers.
Kamran Hedjri CEO at PXP commented: “We are extremely happy to be extending our eCommerce and POS acquiring capability through this partnership with Discover Global Network. This allows us to support our customers wherever they want to sell and help them reach new, international audiences, improving customer journey and conversions. They are a great partner to work with and we are excited”
“Discover Global Network Cardholders prefer to transact using their card of choice,” said Chris Winter, Vice President of EMEA Partnerships at Discover. “PXP enables us to further drive growth throughout the digital and face-to-face payments ecosystem and provides our cardholders with the opportunity to purchase from more merchants across the globe in a seamless manner.”
To find out more about PXP Financial, visit: https://www.pxpfinancial.com
About PXP Financial
The end-to-end payment platform: PXP Financial provides a single unified payments platform to accept payments online, on mobile and at the point of sale. Powered by inhouse acquiring, 200+ alternative payment methods & financial services, PXP processes over EUR 21.5 billion annually through our unified gateway.
Whatever your business needs today or tomorrow, PXP Financials’ innovative payment platform will support your business growth with all the payment services you will ever need from one source, wherever your business takes you.
1 Based on signed network alliance agreements over the past twelve years with major payment networks within respective countries – Panoramic Research study, conducted 2020.
2 Discover Global Network participant reporting and RBR - Global Cards Data and Forecasts to 2025, Oct 2020.
3 2021 Discover internal reporting
4 According to the 2021 Brand Keys Customer Loyalty Engagement Index Report. Attribution Variation 1: *According to an annual study by the independent research firm Brand Keys. (Tied for first place in 2010, 2014, 2015, and 2017).
⁵5 Discover cardholders who have travelled internationally in the past 24 months
C+R Research Study of 1,200 Discover Cardholders, July, 2020, commissioned by DFS Services LLC