Marketplace platforms are the growing force in Europe and the services sold via those range from taxi rides to airplane engines, from consumer goods to hotel rooms, from B2C to B2B and B2B2C. According to some recently published market research, Marketplaces were responsible for over 1.6 trillion dollars of online sales in 2019 and these numbers are expected exceed 7 trillion dollars by 2024*. https://www.retail-systems.com/rs/iBe_Online_Marketplaces_Growth_Analysis.php
Recent events have seen many retailers’ existing supply networks disrupted whilst many companies are looking to digitalise their channels and to expand their services. Marketplace platform is a solution that can be leveraged by retailers (wishing to allow others to sell directly via their websites), government (see www.Covid19.fr example), local councils (e.g. shop local, providing high street shops an online marketplace to sell from), manufacturers and many more organisations who are positioned between buyers and sellers.
Our joint solution provides the best of both worlds: Computop is a well established and respected European payment service provider and Limonetik is a fintech payment technology orchestrator who has been working with marketplaces in Europe from the early days of their development. Together we can deliver the best choice of payment methods whilst managing the complexities of multiple sellers, mixed baskets, split payments and various other platform specific requirements from PSD2 compliance to customer checkout preferences.
Stephan Kück, CEO at Computop, said: “With the growth in marketplaces and a clear demand for platforms that allow multiple sectors to take advantage of e-selling benefits, now is the apposite moment for us to work together with Limonetik. Our combined expertise will ensure first-class payment support for every sector and the reassurance of knowing they can rely on us as they expand their interests internationally.”
“With platform economy expanding into every sector of commerce, be that between businesses, businesses and consumers or between individual contributors and consumers, such as is the case with the gig economy, a robust and flexible marketplace payment infrastructure is a key to success” adds Christophe Bourbier, CEO of Limonetik. “We are delighted to offer our joint solution with Computop to marketplaces, retailers, manufacturers and any other platform businesses in Germany, France, UK and other European markets. In the times when many platforms are looking for change and upgrade, we are here to help!”
Limonetik, is an international Fintech business based in Paris. It has been awarded the prestigious title “Cool Vendor in Digital Commerce” by Gartner for its comprehensive solution suite which provides payments on a platform as a service (PaaS) basis to address a broad range of complex payment needs of multichannel retailers, marketplaces, gig and shared economy platforms as well as business to business platforms, acquirers and payment services providers.
Limonetik started by processing, aggregating and creating payment methods for use online and offline in France then expanding to cover a broad international selection of alternative payments. Today Limonetik’s platform supports over 250 local payment methods, reduces complexity of settlement by aggregating multiple financial flows into one settlement and supports these services with comprehensive reconciliation and reporting tools all via one sate-of-the-art API. Limonetik is one of the earliest developers of the marketplace payment solution and has over seven years’ experience in that relatively new sector.