Smartpay, a leading payment gateway solutions provider, is thrilled to announce its outstanding achievement at the prestigious FiNext Awards held in Dubai on June 21st and 22nd, 2023. Smartpay has been honored with the esteemed Excellence in Finance Companies award in the sub-categories of Most Innovative Payment Gateway, solidifying its position as a trailblazer in the finance industry.
The FiNext Awards, renowned for their recognition of excellence and innovation in finance, attracted top-tier professionals and industry experts from around the world. Smartpay’s exceptional dedication to pushing the boundaries of payment gateway technology and redefining the customer experience has played a pivotal role in securing this prestigious recognition.
As the recipient of the Most Innovative Payment Gateway award, Smartpay has proven its commitment to providing cutting-edge solutions that revolutionize the payments landscape. Through continuous research and development, Smartpay has introduced advanced features and seamless user experiences that empower businesses and consumers alike.
“At Smartpay, we are incredibly honored and humbled to receive the Excellence in Finance award for Most Innovative Payment Gateway at the FiNext Awards,” said Sam Ahmed Co-Founder & CEO of Smartpay. “This achievement is a testament to the hard work and dedication of our talented team, who strive to redefine the future of payment gateways with their innovative solutions.”
Smartpay’s relentless pursuit of innovation has led to the creation of groundbreaking features that cater to the evolving needs of businesses in an increasingly digital world. By leveraging emerging technologies such as artificial intelligence and machine learning, Smartpay has enhanced security measures and optimized transaction processes, setting new standards for payment gateway excellence.
The company’s focus on user-centric design has also played a vital role in this recognition. Smartpay’s intuitive interface, coupled with robust backend infrastructure, ensures a seamless payment experience for customers and merchants alike, fostering trust and loyalty among their clients.
Smartpay’s commitment to staying ahead of industry trends has allowed them to create a dynamic and flexible platform that can accommodate the diverse needs of businesses across various sectors. Their solutions cater to businesses of all sizes, from startups to large enterprises, enabling them to scale and grow their operations effortlessly.
Furthermore, Smartpay’s dedication to compliance and adherence to stringent security standards has earned them the trust of clients and industry partners. The company’s commitment to protecting sensitive financial information and ensuring data privacy reflects its unwavering dedication to maintaining the highest level of trust and integrity in the finance industry.
The Excellence in Finance Companies award in the sub-categories of Most Innovative Payment Gateway at the FiNext Awards is a testament to Smartpay’s exceptional contributions to the finance industry. Their innovation-driven approach, user-centric solutions, and unwavering commitment to excellence have set new benchmarks in the payment gateway landscape.
About Smartpay
Smartpay is an innovative company that is changing the game of digital transformation. We provide the best value to consumers, merchants, governments, and banks alike through our commitment to innovation and collaboration.
Our flagship product, Smartpay Bank Direct, is Japan’s first digital consumer financing service that allows customers to pay for online installment purchases straight from their bank accounts. With a network of 73 partner banks throughout Japan, Smartpay Bank Direct emphasizes user security while delivering convenience for the consumer.
Best of all, this new service is free and available as standard on the checkout page when using Smartpay, with no additional interest, usage, or late fees. By enabling consumers to make their dream shopping experience a reality, we solve merchants’ e-commerce problems at the point of purchase, reducing cart abandonment rates and increasing AOV (average order value). In addition to providing value to consumers, Smartpay collaborates with governments to facilitate their digital transformation, working closely with regulators to ensure compliance with laws and regulations.
We also provide innovative solutions to banks, working closely with them to drive conversion rates and increase customer satisfaction. Smartpay’s commitment to innovation and collaboration extends beyond just business partnerships. We work closely with our consumers, designing products and services that meet their needs and enhance their shopping experiences. Our commitment to regulatory compliance is also evident in our collaboration with governments and regulators.
Our commitment to excellence has been recognized through numerous awards, including the Harvard Business School New Venture Competition APAC – Best Investment Category, the Japan Financial Innovation Award, and the “Top 5 Payment Solutions Providers in Japan” and “Top 10 Payment Solutions ASIA Pacific 2023” by the CIO Review APAC magazine.
In less than a year since its launch, Smartpay has achieved impressive results. Its merchants’ AOV has increased by 40% on average across all categories, with the fashion category having the highest AOV increase of over 70%. The conversion rate at the point of purchase has increased by 10%. Smartpay has also seen a 30% increase in the number of merchants and a 3,000% increase in the number of consumers. Our systems have been tested for scaling and we are proud to have been awarded the “Fastest Growing Fintech Asia 2023 Award.”