Mia-FinTech rolls out Payment Integration Hub

The B2B2C offering will allow all types of companies to integrate and manage various payment APIs in a single modular, market-ready solution where they can manage the entire digital payments lifecycle.

Companies will be able to offer their customers the opportunity to choose their preferred payment method at checkout for a better user experience, while a back office application will ensure that each individual transaction is monitored in real time. Payment Integration Hub adheres to all security protocols in digital transactions, ensuring users’ privacy while maintaining a high level of governance.

Bruno Natoli, CEO of Mia-FinTech, said: “The total transaction value of digital payments in the UK is estimated to exceed £360 billion by 2023, of which e-commerce will account for over £240 billion. With a rapid increase in the use of all digital payment methods require an associated ecosystem of services to develop and keep pace with innovations in this area.

“The pandemic accelerated the appetite for digital payments, and now consumer purchasing patterns and habits will drive new payment innovations, pushing industry players to rethink and upgrade operating models. PIH from Mia-FinTech is a composable and flexible solution that will unify all payments and provide true digital payments management to companies, so they can better manage their business and respond more quickly to changing consumer preferences.”

Payment Integration Hub supports more than 10 payment providers, including but not limited to: PayPal, Google Pay, Apple Pay, Satispay, Stripe and UniCredit. In addition, it provides APIs to easily connect to various physical and digital POS through a simple configuration, making it possible to integrate external ERP systems.

Businesses can engage with multiple payment providers simultaneously and offer different features such as full and partial reversals, Buy Now, Pay Later, payouts and refunds, all while producing in-depth analytics and insights.

PIH provides a white label interface that can be customized so that it will be consistent with a company’s other digital assets. It can be integrated with any website or app and allows customers to use custom logic for an adaptive payment experience.

Through its backend management console, users will be able to manage permissions and directly perform special actions on transactions, such as reversing invoices or sending messages about received payments, which are stored in a log to ensure transparency, compliance and security.
The launch of PIH comes as Mia-FinTech celebrates its first anniversary since entering the fintech space in 2022. A vertical solution under Mia Platform, an end-to-end platform builder that allows businesses to build modern cloud-based applications, Mia-FinTech is focused on developing capacities and solutions specifically for the financial market.

In its first year of operation, Mia-FinTech has successfully hired 20+ employees and expanded its operations internationally, operating from Mia-Platform’s new offices in London and Amsterdam, two of the largest fintech hubs in Europe. It has also developed a portfolio of technology partners so that the platform marketplace can offer access to specialist tools ranging from encrypted document management to embedded insurance, mobile banking and identity security services.

Bruno Natoli concluded: “2022 has been an extremely successful first year! Significant growth in the number of customer acquisitions has laid the foundation for a great future ahead. We have created an impressive catalog of services together with our partners, which will make digital transformation much more accessible to all financial services organizations looking to introduce cloud-based applications to give them a competitive edge.”