Equiti Selected BridgerPay to Expand Global Payment Solutions

Equiti Group, a Multi-asset brokerage, has updated a news release on its official website that it has partnered with payments intelligence platform, BridgerPay to expand the list of global payment solutions. The broker plans to expand in key regions with the newly developed partnership.

According to the official release, the progressive provider has reported a 30% increase in global deposit approvals, as a ratio year to date; 10% - 20% above the industry norm.

The company plans to expand in the Latin American region with the new collaboration. Equiti has a wide range of payment solutions for the Latin America region as the broker now offers more than 100 payment solutions in the LATAM region, one of the few companies to do so.

BridgerPay's expansive knowledge and expertise in global payment solutions, and existing relationships with hundreds of local payment service providers, has expedited Equiti's global growth, especially in new and developing markets such as Latin America, East Africa and South East Asia. More specifically, Equiti is now one of the first industry players to offer over 100 payment solutions in the Latin America region and is now able to offer the preferred payment method for each trader in this region. In addition, over 30 payment solutions have been added in South East Asia.

Gareth Bateman, global head of payments at Equiti Group, said: "The significant increase in Equiti's approval ratios in 2020 is due to the adoption of BridgerPay's Retry technology, which decreased cart abandonment rate and increased the approval ratio with the rescue of failed transactions.”

The BridgerPay Retry feature automatically retries a transaction with a wide range of payment providers that support multiple acquirers.