Today, leading smart payments provider and fintech bank Credorax, and Italian payment institution authorized by the Bank of Italy, Mondial Bony Service S.P.A announced a new partnership to broaden payment services available to Italian merchants and Mondial Bony’s customers. The partnership will enable Mondial Bony to provide Card Present Offerings and expansion into Card Not Present (CNP) transactions with one connection. Credorax will also be offering Mondial Bony smart payments solutions and card payment processing on a wider range of terminals/POS.

This partnership is the first of its kind for Credorax, marking the payments provider’s entry into the Italian market, which is rooted in tradition and deliberate in adopting new payments technologies. Additionally, in this time of unprecedented global uncertainty, streamlined payments have become more vital than ever, as levels of ecommerce and online payments continue to rise. Through enabling new payment solutions and opportunities, the partnership marks Mondial Bony Service S.P.A’s first step towards growing globally.

“We are excited to offer our payment facilitation and smart payments services to Mondial Bony,” said Igal Rotem, CEO at Credorax. “Our successful and longstanding history as members of Visa and Mastercard, along with our excellent relationship with Mondial Bony, will allow us to introduce the benefits of smart payments, next-gen processing and payment transactions to the Italian market.”

“The Italian market is looking to innovate and accept more payment types,” said Salvatore Riccio, President at Mondial Bony. “We are thrilled to be working with the agile and proactive team at Credorax to generate new and unique offerings, which cater perfectly to the evolving needs of the growing Italian payments market ecosystem.”