Payrails, a leading payment platform catering to global enterprises is announcing a strategic collaboration with inDrive, the world’s second most downloaded ride-hailing app. The partnership enables California based inDrive to overcome the challenge of integrating multiple payment service providers (PSPs) and alternative payment methods (APMs) across different regions, such as MENA. Payrails implemented a solution featuring a PSP-agnostic integration layer, dynamic payment routing, and expanded alternative payment method coverage. inDrive achieved an 11% increase in card approval rates as part of an effort to boost conversion rates, accomplishing this in a fraction of the time usually required to launch each new integration.
At the core of the partnership is pioneering technology designed to revolutionize payment processing and operations for businesses worldwide. The collaboration aims to enhance local payment experiences for drivers and customers, boosting conversion rates while reducing costs. By leveraging Payrails’ innovative solutions, inDrive can expand its global footprint, ensuring seamless transactions and driving economic opportunities in the rapidly growing gig economy.
Payrails’ unified integration layer offers a seamless experience by providing a single API, eliminating the need for cumbersome individual integrations. Dynamic payment routing and backup options help to increase payment completion rates, minimize failed payment numbers and simultaneously increase income security for gig economy workers. A standout feature of the collaboration is the implementation of dynamic payment pages, tailored to meet specific needs, delivering a personalized and user-friendly checkout experience.
Vasiliy Everstov, Head of Fintech at inDrive, expressed enthusiasm, stating, “Partnering with Payrails empowers us to activate all of our key payment objectives for the business across our top priority markets. Together, we are driving tech innovation in the mobility industry and unlocking new opportunities for drivers and consumers alike.”
Orkhan Abdullayev, Co-Founder and CEO of Payrails, echoed this sentiment, remarking, “Collaborating with inDrive to revolutionize global payment processing underscores our commitment to providing innovative solutions in the MENA region and beyond that address the evolving needs of large enterprises. Our aim is to set new benchmarks of excellence for payments solutions across key industries worldwide.”
Through this alliance, inDrive can now access and automate the most suitable payment route in each market at the lowest cost, thereby driving efficiency and profitability in the industry using Payrails’ unified technology and API.
