The global traveltech company, Flix is improving its checkout experience to streamline transactions, strengthen fraud prevention and reduce time-to-market following a new partnership with paytech Payrails.
The partnership between the two companies will see Payrails improve Flix’s offering as the firm offers long-distance travel options through its network of affordable, sustainable, and tech-driven transportation services. Said network currently consists of 5,600 destinations, and in 2023, saw 81 million passengers use the service. Flix needs a robust and adaptable payment solution to support its expansion and ensure localised payment services, and by partnering with Payrails, it is acquiring this.
Payrails facilitates integrations with local payment processors and methods, ensuring passengers can easily pay using their preferred options. The paytech’s modular payment system optimises authorisation rates, automates workflows, and enhances transaction efficiency across key regions such as Europe, North America, and Türkiye.
It also supports Flix’s continued expansion into South America and India. With smart routing, transactions are directed to the optimal processor, while automated retries and fallback mechanisms ensure reliability and business continuity.
Stay Ahead of the Financial Trends with Our Latest FinTech News Updates!