Interview with Toreson Lloyd, Co-Founder at Payment Gateway Platform: APEXX Global

APEXX Global is a multi-award-winning payments gateway platform that combines acquirers, gateways, shopping carts and Alternative Payments Methods into a single marketplace and one-stop solution for merchants. This means that merchants can connect with multiple providers and acquirers through one integration, selecting the right payments provider and acquirer for their needs.

This eases the process of fund collection, boosts conversation rates, increases payment efficiency, lowers costs and provides greater opportunities for alternative payment methods like Open Banking and Buy Now, Pay Later.

Historically the global payments system has been wrought with complexity, resulting in inefficiency and additional cost. Our mission is to help businesses to grow by reducing unnecessary costs, increasing conversion rates and simplifying the global payment eco-system.
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How did you come up with the idea for the company?

All three co-founders, Peter Keenan, Rodney Bain, and I, have a background in fintech and payments, with combined experience at HSBC, Mastercard, Worldpay and American Express, among others.

We all saw first-hand the many pain points across the payments industry for merchants, who were being overcharged and under-serviced, encumbered with legacy technology systems. So, we decided to create a one-stop-shop for all merchant payment needs with complete provider agnosticism to truly put the needs of merchants first!


How has the company evolved during the pandemic?

Many businesses have faced difficulties as a result of COVID and the timely receipt of revenue is more important than ever. This means that businesses need payments to be processed quickly and reliably. At the same time, social distancing and COVID prevention measures mean that consumers are increasingly shunning cash in favour of digital payments.

In addition, the payments industry is quickly evolving, Brexit is having a significant impact on card interchange fees and consumer spending habits have changed. This has created both challenges and opportunities for merchants and we have continued to innovate to help businesses to continue to trade optimally. We recently launched a Buy Now, Pay Later aggregator which is the first of its kind, helping merchants by making it easier to offer consumers the best choice of Buy Now, Pay Later solutions in over 20 countries.

As a business, we have continued to grow strongly over the period – we announced the completion of our Series A funding during the initial 2020 lockdown!

What can we hope to see from APEXX Global in the future?

Although 2020 has been challenging, it has also been a pivotal year for APEXX. We’ve made some great new hires and have established several exciting partnerships, including with Asos, Avon and PayPal. But we’re an ambitious company – looking ahead we’re focused on continuing to drive our strong growth and to help more businesses to maximise conversion rates and limit costs.

The global payments ecosystem is in a state of transformation and we’re excited to be leading the charge for merchants globally. Ultimately what is our mission? To be the world’s most merchant-centric payments provider.