The collaboration combines Shift4's top acquiring services with ConnexPay's all-in-one payments platform to deliver seamless PayIn and PayOut functions to businesses across various markets, including OTA and Hospitality.

CENTER VALLEY, Pa., Nov. 6, 2024 /PRNewswire/ -- Shift4 (NYSE:FOUR), a global leader in integrated payments and commerce technology, today announced a strategic partnership with ConnexPay, the world's first all-in-one payments platform. This partnership will empower online travel agencies (OTAs) and hospitality businesses in the UK and European markets by integrating ConnexPay's payment issuance solutions with Shift4's leading payment processing infrastructure.

Through this partnership, ConnexPay will leverage Shift4's expertise in the European payments landscape to expand within the UK and EU markets. Supported by Shift4's full acquiring services with 3D Secure, ConnexPay is able to offer Gross Settlement payouts via third-party integration, unlocking new growth potential in key regions for both companies.

By merging PayIn (the process of accepting payments from customers) and PayOut (issuing payments to suppliers) into one unified system, ConnexPay reduces the operational burden on merchants and enhances financial reconciliation. Shift4's advanced acquiring capabilities will enable ConnexPay merchants to access next-day settlement along with the ability to issue virtual cards in real-time to one or more suppliers using incoming funds from customers.