Credorax is a merchant acquiring bank licensed by the MFSA as well as a PSD financial institution under the European Union. One of the first technology companies to become a principal-level member of Visa Europe and MasterCard, Credorax is a cross-border acquirer practicing banking in over 28 countries globally, including all European Union member states, and most recently, received its license in Japan.
Investing 40% of its annual budget into R&D and technology, Credorax empowers e-commerce merchants to transcend many of the processing challenges they would typically face with more traditional acquirers who mainly rely on legacy platforms.
Credorax’s fast-track to success is mainly due to its discovery early on that in order for merchants to tap into global consumer markets beyond their own borders, their online payments experience has to be seamless, completely legal and compliant, and most of all, not burdened with high banking and exchange fees.
In order to solve these combined issues, Credorax developed ‘ePower’, the first, single and unified global online technology payment platform. Through a single, completely automated and digital platform, merchants and PSPs can conduct all of their online payments business through one source instead of fragmented solutions dispersed in different geographical locations.
Credorax is a global company, headquartered in the US, with offices in the UK, Japan, Malta and Israel. Over $100 million has been invested in the company within the past two years from FTV, Blumberg Capital, Columbus Nova Technology Partners and Mobile Internet Capital.