PORTLAND, Ore., July 26, 2023 -- Sila, a leading provider of digital payment infrastructure, is delighted to announce its partnership with Checkout.com, a global payment solutions provider. The integration between these two industry leaders aims to revolutionize the digital wallet experience for Sila's clients by leveraging Checkout.com's advanced card acquiring capabilities and payout functionality.
Sila has established itself as a trusted platform for enabling fast, secure, and compliant digital payments, offering an array of financial services to businesses across various industries. With this strategic partnership, Sila will integrate Checkout.com's robust card acquiring solution, enabling Sila's clients to seamlessly charge their customers' debit cards and effortlessly fill their digital wallets within the Sila ecosystem.
Sila has further advanced its proposition by prefunding the acquiring process and making the consumer funds available within seconds in their digital wallets instead of the traditional 24-hour payment processing time. This prefunding function allows the customer to utilize their funds instantly creating a more engaged and activated consumer as a result.
The synergy between Sila and Checkout.com will greatly enhance the user experience for Sila's clients, streamlining the process of funding digital wallets and facilitating frictionless transactions. By leveraging Checkout.com's cutting-edge payments platform, Sila will empower its clients to offer their customers a convenient and secure payment option, bolstering customer satisfaction and driving increased engagement.
"We are thrilled to partner with Checkout.com," said Shamir Karkal, Co-Founder & Chief Strategy Officer at Sila. "This collaboration will enable us to provide an enhanced digital wallet experience to our clients, helping them unlock new opportunities and achieve their business goals. By leveraging Checkout.com's card acquiring capabilities, we aim to revolutionize the way payments are made within the Sila ecosystem, driving efficiency, convenience, and security."
Through this partnership, Sila's clients will gain access to Checkout.com's extensive network, allowing for seamless integration and effortless implementation of card acquiring functionality through a single API integration. Sila's commitment to regulatory compliance and security, combined with Checkout.com's expertise in payment solutions, will provide clients with a robust and reliable payment infrastructure.
"Fintechs like Sila, operating at the forefront of the digital economy, don't want to build modern interfaces upon legacy financial infrastructure," said Monique Biady, US Fintech Lead at Checkout.com. "We're pleased to partner with Sila to bring our payment rails to their proposition. Now Sila users can make seamless pay-ins and receive payouts bringing improved efficiency and performance."
Both Sila and Checkout.com are renowned for their commitment to innovation, industry expertise, and customer-centric approach. Together, they are poised to revolutionize the digital wallet experience, delivering a comprehensive payment solution that meets the evolving needs of businesses and consumers alike.
For more information about Sila and Checkout.com's partnership and the advanced card acquiring capabilities it brings to the Sila ecosystem, please visit silamoney.com.
About Sila
Sila is a leading provider of digital payment infrastructure, offering businesses secure, compliant, and user-friendly solutions to facilitate fast and seamless transactions. With a strong commitment to innovation and customer satisfaction, Sila enables businesses across various industries to unlock new opportunities and achieve their financial goals. For more information, visit silamoney.com.
About Checkout.com
Checkout.com is a global payment solutions provider that empowers businesses to accept payments and optimize growth. By leveraging advanced technology and a customer-centric approach, Checkout.com delivers flexible, scalable, and secure payment solutions tailored to the unique requirements of businesses worldwide. For more information, visit checkout.com.