• Yannick Decaumont, Managing Director at PAYMILL


• 12.05.2017 07:37 am

Financial IT: Could you please tell us briefly about your background and PAYMILL?

Yannick Decaumont: PAYMILL is one of the top payment processing companies in Europe. As a payment service provider, PAYMILL allows his customers to accept PayPal and credit/debit card payments directly in their online shop. Our customers will be able to accept mobile payments, recurring payments and online payments globally, enabling them to scale internationally from the get-go. PAYMILL online payment gateway is heavily focused on security measures – our customers can rest easy knowing their data is being processed by a secure payment service. Start by registering, opening their merchant account and find out how easy it is to get their online payment system up and running. PAYMILL was founded in 2012 and has been part of the CYBERservices SA Group since 2016. Following the merge with CYBERservices PAYMILL benefits of 16 years experience in the banking industry.

I am Yannick, PAYMILL's Managing Director and have been working in the Financial sector for more than 10 years now. Following graduation, I have started working in the city of London, motherland of European finance, before moving to Zürich and join UBS. I then had the chance to extend my knowledge in working for Credit Suisse in Geneva.

After years in Banking, I have answered to Fintech calling and decided to go and challenge my principles and ideas in joining Klik & Pay, which lead me today to head PAYMILL.

Fintech innovation, Digital Banking, International Finance and Business Strategy are the playgrounds I love to be involved in and keep on learning from.

Financial IT: What was major driving force for you to set up PAYMILL?

Yannick: PAYMILL was set to challenge and disrupt what the industry was offering. Always having in mind to be a solution made by engineers for engineers. This how a lean and top of the range API was born and cherished to grow. As we acquired PAYMILL last July, we put 100% of our energy into continuing on this path whilst taking the next step of becoming licensed and consolidating our presence. Our mind-set and values remain the same: care after our clients and provide them with top of the class technology. Being able now to offer expertise in accompanying our clients towards their International growth.

Financial IT: What are the aspects that make PAYMILL unique compared to other payments solutions?

Yannick: PAYMILLs developer friendly REST API lets merchants accept online payments directly in your website and mobile application while benefiting from multiple payment methods. Available across Europe, online businesses are able to accept online payments globally, enabling them to scale internationally from the get-go. The API gives full control of the checkout and can be used as a payment gateway. Thus, you can deliver a user experience optimized for higher conversions. And with heavy-duty security measures already built-in – you can rest easy knowing your data secured.

Financial IT: In your opinion, what are the trends and advancements that we should expect to see in the payments industry? And how does PAYMILL address those challenges and innovations?

Yannick: Trends and challenges are fast paced in the Fintech industry, we therefore have to adapt and address quickly what comes our way in order to fight back in challenging the industry. The incoming changes in PSD2 are bringing their lots of changes in how financial institutions will deal with bank-to-bank transfer and some companies will have to review their business model to adapt. At PAYMILL we see this as an opportunity to develop new technology to offer our clients new solutions. We are thus working towards some new release in the coming months.

The payment industry as a whole is perpetually adapting to technological change, for instance m-commerce and transaction processing on mobile device has boomed and is a trend to follow. Another one in my opinion, that is for every company to embrace is the raise of blockchain technology and the use we can make of it: bitcoins, smart contract are for instance themes we are working on to integrate in our platform.