SALAMANTEX and QENTA join forces to expand the reach of crypto payment opportunities in Europe
Tullnerfeld - Austria, 28.02.2022
- Across the globe, the demand for crypto payments is growing – retailers ready themselves for the transformation
- Payment Service Provider QENTA integrates the crypto payment software SALAMANTEX to increase its merchant reach in the European market
Tullnerfeld - Austria, February 28th, 2022 – SALAMANTEX integrates its ground-breaking proprietary crypto payment software into the Payment Service Provider (PSP) QENTA. This integration enables merchants and service providers across Europe to allow their customers to pay in cryptocurrencies like Bitcoin, Ripple, Nimiq, and more. The merchants on their end can choose to receive the purchase amount in EUR or cryptocurrency on their account.
As Payment Service Provider, QENTA provides the technical platform to process the digital payment in the background. First retailers of QENTA’s existing e-commerce client portfolio are already making use of the new integration– the official launch is in March 2022. In the near future, the service will be expanded to cover the Eastern and Central European markets, opening up the reach to thousands of additional merchants and end-users.
The cooperation with QENTA is a new milestone in the strategy of SALAMANTEX to actively work with established payment service providers in e-commerce and at the POS in-store to build the future payment landscape. The end goal is mass adoption, in which crypto payments are accessible to the wide public for everyday transactions. „We offer consumers a secure and user-friendly way to pay with crypto and other digital assets. Retailers are excited to attract an additional customer base by future-proofing their payment systems in-store and in e-commerce,“ says SALAMANTEX CEO René Pomassl.
The retail sector is ready for the transformation – according to a recent study, 75% of SMEs on a global scale believe that digital payments will be crucial for future growth. One-quarter of all respondents estimate for cryptocurrencies to be a substantial competitive advantage. Already in 2021, a study showed, that the demand for crypto payments has grown for every other customer. This trend is visible across a wide range of age groups. More and more consumers wish to pay in cryptocurrencies in-store and in e-commerce – fast and easy through QR code scanning with a camera-enabled smartphone wallet.
Seasoned Payment Service Provider QENTA recently relaunched and now approaches the market in a more targeted way to directly cater to the needs of merchants and end-users. “We want to be ahead of the trend and that’s why we selected SALAMANTEX as our strategic innovation partner. By joining forces we can bring digital payments into a new era, making it so easy that even less digitally-savvy consumers can benefit from it,” explains Roland Toch, Chief Operating Officer at QENTA Payment CEE.
SALAMANTEX is an Austrian FinTech company pioneering a new era of payment with digital assets. With smart, trusted, and secure software solutions, SALAMANTEX enables merchants to accept cryptocurrencies, loyalty points, and other digital or tokenized items as alternative forms of payment for both in-store payments and e-commerce.
Established in 2017, SALAMANTEX has since rolled out its solutions across Austria and is currently expanding throughout the entire Eurozone. This growth is fast-tracked through partnerships with major acquirers and point-of-sale device manufacturers for seamless integration into merchants’ existing payment infrastructures.
The intuitive, platform-based applications from SALAMANTEX can be used online in webshops or in stores, supermarkets, restaurants, and hotels on a POS terminal or Android device.
QENTA Payment CEE, an Austrian payment service provider, has been offering the latest technologies in cashless payment processing for more than 20 years and supports the development of international payment strategies.
With solutions from QENTA, small and large businesses can easily, cost-efficiently, and securely accept all common means of payment in online stores and multiple other applications.