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Praxis Tech Founder Amit Klatchko Spoke With Gambling Insider About His Company!

Praxis Tech was founded by the Israeli Amit Klatchko in 2014. Since its inception, Praxis has witnessed exponential growth. From identifying a market gap to launching multiple products, they've evolved into an early pioneer in payment orchestration, providing sophisticated payment solutions to enhance approval rates and expedite integration processes.
Praxis Tech founder Amit Klatchko

Amit Klatchko, the founder and CEO of Cyprus-based payment orchestrator Praxis Tech was interviewed by Gambling Insider.

2023 has been a transformative year for Praxis. With a remarkable 17 consecutive months of growth and a 23% increase in approved transactions in August, they’ve expanded their presence to Dubai and are set to process a staggering US$4 billion in transaction volume by year-end. Continuous development has led to the introduction of AI tools, decline recovery suite enhancements, and a background currency conversion feature, among others.

He explained his company, which offers three unique products – Cashier, Direct API, and Hosted Payment Fields. Each product provides access to Praxis’ vast network of Payment Service Providers (PSPs) and various payment methods, differentiated by their integration levels.

The Cashier product delivers a comprehensive UI and UX experience, Direct allows companies to integrate their existing cashier systems with Praxis’ vast network, and Hosted Payment Fields offers a highly customizable system that seamlessly fits into existing credit card payment forms of businesses.

To tackle security concerns, Praxis has incorporated top-tier risk management engines and an in-house toolset. Adhering to the industry’s highest standards, ISO27001 and PCI, they’ve also introduced an AI-based smart tool plugin, enhancing transaction security.

Amit Klatchko aims to continue Praxis’ pioneering journey. The goal is to further establish Praxis as a trailblazer, especially in the iGaming and Forex sectors. A focus on innovation and setting industry standards is paramount, as they strive to tackle unique challenges and shape the future landscape of the payment sector.

Praxis ensures fast transaction rates by intelligently routing each transaction through the most efficient path. With connections to over 500 global PSPs, they guarantee a smooth checkout experience for their clients’ customers.

Looking ahead, Praxis is setting its sights on geographical expansion, targeting regions like Latin America, Europe, Asia, and Africa. The focus is on tailoring solutions to the distinct needs of each market, attending diverse expo events, and investing in top-tier talent.

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