23 June, 2023

In focus: Praxis

Orchestrating global payments in the gaming industry.

As the gaming industry continues to evolve and expand across borders, businesses face the challenge of managing transactions across multiple payment service providers efficiently. This is where Praxis steps in. Founded in 2014, Praxis has emerged as a leading payment orchestration platform for merchants in the gaming industry.

Our comprehensive platform offers merchants a seamless and streamlined payment management experience, allowing them to optimise their payment operations and maximise growth. Our products are designed to increase transaction success rate, improve payment flow and create a seamless payment experience for customers – regardless of where they are in the world.

Today, Praxis proudly serves a vast network of gaming merchants, connecting them with over 540 Payment Service Providers (PSPs) and more than 1,000 Alternative Payment Methods (APMs) worldwide. In 2022 alone, our global network processed close to €bn ($3.23bn) in transaction volume, representing a doubling of the previous 12-month period. This growth reflects our commitment to facilitating secure and efficient payments, and being a top payments orchestration platform for merchants seeking to expand their business, enter new global markets and integrate with multiple payment solutions.

Seamless Payment Solutions for Global Gaming Merchants: The Praxis Advantage

In the fast-paced world of online gaming, fast and secure deposits lie at the very core of the industry’s success. Recognising the importance of seamless transactions, Praxis offers innovative features that have been embraced by the gaming industry. Among these features are Smart Routing, Recurring Payments and Merchant-Initiated Transactions (MIT) that enhance the gaming experience for both merchants and customers.

From a single integration, merchants can now facilitate automatic quick deposits, guaranteeing uninterrupted gameplay for their customers. Praxis offers automatic top-ups below a specified balance threshold, ensuring that gamers never run out of funds when they need them the most. The convenience of a one-click deposit button empowers gamers with effortless and hassle-free experiences, allowing them to focus on what they love most – playing games.

“Continuous investment in acquiring new talent empowers us to refine our products and enhance the user experience”

Empowering Growth

Praxis has undertaken a transformative journey marked by a series of bold initiatives. Our primary objectives revolve around harnessing the expertise of our team, providing unparalleled support for our merchants, enhancing our product offerings, monitoring and securing our systems and attracting top-tier talent.

In line with our strategic growth plan, we are thrilled to announce the establishment of our new office in the heart of Dubai. This milestone brings a range of exciting opportunities for Praxis and our merchants alike. It equips us with 24/7 support, further expands our presence across the Middle East and Asia, and grants access to an exceptional pool of talent.

Continuous investment in acquiring new talent empowers us to refine our products and enhance the user experience, with a specific focus on improving functionality, enhancing security and increasing efficiency. To ensure optimal payment processing for our merchants, we are also expanding our Payment Optimisation and Integration Teams. These teams work hand-in-hand with our merchants to increase approval rates and accelerate deposits, by providing them with a wider range of payment options and improving overall payment acceptance.

Revolutionising the Online Payments Landscape and Beyond

As we continue to grow rapidly and explore new avenues, exciting developments lie ahead. With innovative features and our dedication to customer satisfaction, our aim is to revolutionise the online payment landscape and establish ourselves as a trusted partner for global merchants seeking seamless, secure and efficient payment solutions. To achieve this, we are venturing into diverse sectors and expanding our reach into new domains. To learn more about our offerings, please visit our website, or reach out to us at [email protected]

“As we continue to grow rapidly and explore new avenues, exciting developments lie ahead”