Fraud mitigation and payment processing company Vogogo has recently announced the creation of a strategic partnership with E-comprocessing (ECP) — a subsidiary of UK-based payment processing company eMerchantPay Ltd. The deal ultimately enables Vogogo to offer its multitude of services in the European market, starting with the UK.
According to the company’s latest press release, they are now expecting to fully extend their payment processing and risk management services throughout the European market. On the other hand, European businesses now have a safe and secure option to conduct seamless transactions between Bitcoin and other fiat currencies. Forming a strategic partnership with a renowned company like E-comprocessing further ensures Vogogo clients the ability to conduct safe transactions with their Visa and MasterCard-powered credit and debit cards.
Vogogo CEO Geoff Gordon further acknowledged the importance of this deal, saying:
“We are very pleased to make this announcement. Our focus for this year is all about growth and expanding our service offering to target markets. Opening the European market is a significant step towards reaching our business goals.”
ECP’s Managing Director Yoni Roth also acknowledged the role Vogogo is going to play inside Europe. “We are very excited to be servicing the European cryptocurrency market in partnership with Vogogo,” he said. “Their knowledge, unique technology offering combined with industry leading risk management capabilities give us the comfort to effectively enter this space along with them.”
With the Euro zone still designing their own regulations for Bitcoin, the presence of a risk management company like Vogogo could add another dimension to this entire process. The company previously entered into a partnership with Knox Payments to specifically provide services to digital currency businesses. It is said to have been doing pretty well in the US and Canadian market, with most of the clients’ reviews being favorable.
Image Credits: Vogogo.