#London #United Kingdom #Spotify #Checkout.com #Intelligent Acceptance

Checkout.com and Spotify Partner to Optimize Global Payments

In a significant move for digital commerce, Checkout.com, a London-based payment platform founded by Guillaume Pousaz, has announced a strategic partnership with Spotify, the leading audio streaming subscription service. This collaboration aims to address the challenges faced by subscription services in managing diverse payment characteristics and fraud prevention across various global markets.

Spotify’s decision to partner with Checkout.com stems from its need to enhance payment performance and security worldwide. With more than 700 million active users and 280 million paid subscribers globally, Spotify required a robust solution capable of unifying payment processing across 180 countries and regions.

Checkout.com is set to provide global acquiring services to Spotify, which will streamline payment transactions across different currencies, optimizing connections with local payment networks and banks to ensure high approval rates and stable operations worldwide.

Tailored Solutions for Diverse Markets

Every market presents unique challenges, from varying payment environments to specific regulatory requirements. Thus, Checkout.com's expertise in blending local insights with a global payment network will play a crucial role in enhancing Spotify’s payment performance in over 180 countries. The partnership allows both companies to remain agile and responsive to the ever-changing landscape of global payments.

One of the key features of this partnership is the integration of Checkout.com’s proprietary AI solution, Intelligent Acceptance. This innovative solution focuses on real-time transaction optimization, reducing the likelihood of payment failures and improving overall performance. By leveraging real-time data, the AI enhances user experiences, creating a seamless payment process for Spotify’s extensive user base.

Additionally, the collaboration includes the integration of network tokens and authentication services, which significantly strengthens security measures while ensuring the reliability of subscription billing.

Insights from Industry Leaders

Sandra Alzetta, Spotify's Vice President and Global Head of Payments and Customer Service, emphasized the importance of seamless payment processes, stating, _“At Spotify, we prioritize ensuring that users can focus on their experiences with music, podcasts, and audiobooks. To make this happen, we need a partner who can scale quickly and efficiently. Collaborating with Checkout.com allows us to enhance our global responsiveness and performance across all markets.”_

Guillaume Pousaz, CEO of Checkout.com, highlighted the partnership's significance by stating, _“Partnering with Spotify marks an important milestone in our mission to deliver reliable, high-performing payment solutions to leading digital companies. Through our combined global acquiring network and Intelligent Acceptance, we aim to maximize approval rates, optimize costs, and provide the best payment experience for users around the world, both now and in the future.”_

About Checkout.com

Founded to support the digital economy, Checkout.com offers payment services to thousands of businesses and processes billions of transactions annually in more than 145 currencies. Its flexible and scalable technology improves transaction success rates and reduces processing costs while enhancing fraud prevention measures. With headquarters in London and offices across 19 locations worldwide, Checkout.com collaborates with major global firms such as Sony, Alibaba, DocuSign, Uber Eats, and GE Healthcare, positioning itself as a leader in the payment processing industry.

For more information, visit www.checkout.com (Japanese site).