ivendPay has officially partnered with Binance Pay for Crypto Payment integration in the EU and other countries
Pakning Luk, Binance Pay’s regional head of business development, said about the partnership: “We’re more than excited to announce ivendPay as a strategic payment partner as their solutions help both online and offline merchants make users’ payment experience seamless.”
For 2023 ivendPay is aiming to expand in the European market, where it is already one of the largest cryptocurrency payment providers in vending and retail. This year ivendPay became resident of The FinTech House—the biggest fintech, regtech, insurtech, and cybersecurity hub in Portugal. The office in Lisbon is ivendPay's European headquarters for providing crypto-processing services in the EU, which are now most actively developing in Portugal, Germany and other countries.
ivendPay has partnered with Zima Bank — a neobank that is authorised to provide FINTRAC compliant payments processing, present in France and Canada. The partnership will ensure sales through POS all over the world and will further stimulate mass adoption of crypto payments. According to the Market Making Pro research, by 2026 the number of transactions processed by POS terminals will grow by 28% to exceed $17.3T—of those roughly 10% (1.73T) are expected to be crypto transactions.
Ivendpay’s goal is to overtake 5% of the projected $1.73 trillion crypto payment market, which is a 86.5B turnover or $865M in yearly income, as calculated with a 1% commission fee limit.
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