From payment services to electronic money
A specialist in electronic payment systems for almost 20 years, CentralPay is now consolidating and extending its offering to include payment services, offering a single solution for all online/in-store payment and electronic money management needs, now essential for building customer loyalty and extending the payment experience.
CentralPay, an Electronic Money Institution approved by the Banque de France, delivers its unified payment services through a multi-channel offering extended to electronic money management. This approval, and the high standards that accompany it, are part of the natural evolution of the French fintech’s services.
The payment solution for the tourism and leisure industry
The meeting between Philippe Derrier, founder of Alliance Réseaux, a leading institutional tourism marketplace, and Guillaume Ponsard, founder of CentralPay, was decisive in the accreditation process.
In 2017, both noted the complexity of the booking process in the tourism and leisure industry, which was hampered by numerous disruptions. The constellation of service providers, isolated from one another, makes it impossible to offer end consumers a decent purchasing experience.
By considering payment as the common thread of the reservation chain, CentralPay succeeds in both the challenge of perfecting the online or physical point-of-sale purchasing experience and that of extending omnichannel customer monitoring and knowledge.
A comprehensive offering to simplify a complex process
Leisure industries, the cultural sector, tourist offices, travel agents, lodges and campsites all face the same problem: long waiting periods between booking, successive payments and consumption of the service.
To meet these challenges, the French fintech company CentralPay is bringing essential innovations. While benefiting from all available payment methods is now a given, managing consumer interactions is much less so. Thanks to CentralPay services, tourism and leisure platforms are now able to manage and automate all their exchanges with consumers in all the different payment phases: deposit request, payment by installment plan, possible reminders, group payments, combined multi-support payment, nomadic payment, proximity payment, etc., in the continuity and unity of the value chain.
CentralPay is easily integrated via API into the booking software of central offices and marketplaces. Thanks to its white-label account creation portal with electronic signature of the membership contract, the platform accompanies and simplifies the entry of merchants. They receive funds into their own payment account and benefit from detailed accounting exports facilitating their bank reconciliations.
End customers have an electronic money account, allowing them to make additional purchases without re-entering the payment method. It is also the storage medium for loyalty points or cashback offered by merchants.
A promising future for French fintech
Available in France and soon throughout Europe, CentralPay payment services and solutions are aimed at the tourism and leisure industry, as well as retail and, more broadly, platforms and e-commerce companies facing complex collection issues.
In 2019, the CentralPay Electronic Money Institution processed €350 million in transactions. With the ambition of reaching €1 billion in transactions by 2024, CentralPay is now a leading player in French Fintech and a partner of choice to support its payment developments without technological barriers or compliance concerns.
