Building a one-stop shop in the global digital payments ecosystem

Bradley Riss is chief commercial officer at Checkout.com, a firm that acts as a payment gateway, acquirer and processor through a single channel, covering cards, passthrough wallets, stored value wallets and alternative payment options such as point of sale credit. It charges a fee based on processing and card payment costs rather than the percentage+ model that most payment API companies charge. The model is designed to make the service customized to different merchants and serve as a base to offer other merchant products.

The 8-year-old company has added more than 500 clients in just the past two years, including Grab, Revolut, Careem, Glovo, Robinhood, Farfetch, Klarna and Remitly. Many of these firms — such as Remitly, Klarna, Revolut and Robinhood — have business models that fit economic shifts during the pandemic, such as Klarna’s point of sale credit product, Revolut’s series of integrations to enhance visibility into supply chains or Robinhood’s ability to sign new traders during stock volatility. Checkout.com reported a 250% increase in online transactions between May 2019 and May 2020,

John Adams, Executive Editor at PaymentsSource sits down with Bradley for a deep-dive discussion around what innovation in payments looks like in 2021 and the challenges and opportunities that lay ahead.