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LONDON, December 5, 2023 /PRNewswire/ — ISX Financial EU Plc, developer of PaidBy® www.paidbybank.complatform specializing in open banking payments, has partnered with Wix.com Ltd (NASDAQ: WIX), the leading global SaaS platform for creating, managing and growing an online presence. Through this partnership, UK-based Wix merchants have access to PaidBy®, an open banking payments service, and their customers can pay directly from their existing banking app or web portal.

PaidBy®’s secure and easy banking payment process will help increase merchant payment conversions by offering a seamless experience, allowing customers to make payments in just three steps, all from the trusted environment of their banking app or portal. PaidBy® starts with an automated online onboarding system, enabling UK merchants to complete the onboarding process and get to know their business in minutes. This allows merchants to spend less time onboarding and more time transacting.

PaidBy® uses the UK’s open banking network, which connects the UK’s largest banks, allowing them to move money between accounts in seconds. Since cash flow is key, Wix traders in the UK will have access to their funds on the same day. By eliminating the need for card systems and networks, PaidBy® offers a seamless experience for merchants and their customers.

PaidBy® payment infrastructure also enables higher conversion rates with fewer chargebacks in a safer environment for merchants and their customers.

Chairman and CEO Nikogiannis Karantzis said: “ISX Financial is thrilled to partner with Wix on our comprehensive open banking orchestration service that competes with online card scheme processing. This massive Open Banking deployment along with ISX based Merchants issues sort code accounts and a notification service The comprehensive API-based is unique, innovative and will provide real benefits for customers and merchants, while offering the convenience and flexibility that Wix is ​​known for.

“We are constantly looking for new ways to support our merchants in providing innovative tools for business growth. This allows them to expand their online presence and provide exceptional service to their customers,” said Volodymyr Tsukur and Amit Sagiv, one of the heads of Wix Payments. “We look forward to working with PaidBy to deliver a seamless open banking solution for our UK merchants.”

Merchants will benefit from same-day payments to ISX-issued accounts 365 days a year, helping them deliver products and services to customers faster.”

Learn more about PaidBy® for Wix Merchants here: www.paidbybank.com

About ISX Finance:

ISX Financial EU PLC is a ‘banking technology’ company that utilizes its own technology to provide financial services to traders in the EEA and the UK. The company’s combined infrastructure and payments stack provides complete end-to-end payments processing, foreign exchange, remittances, and transactional banking capabilities. The ISX Financial multi-currency IBAN account, together with PaidBy® instant open banking, provides merchants with a personalized payment solution to reach any bank account holder in the UK or EEA.

CONTACT: Jamie Ktenas, media@isxfinancial.com+35722 0157 40

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