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PayPlug Labs is developing a next-generation payment system to simplify online transactions for small and medium enterprises. The system aims to reduce integration costs and enhance fraud protection through modern algorithms, addressing barriers that prevent many SMEs from selling online.
The European e-commerce market is growing fast, but the complexity of setting up online payments and the concerns about credit card fraud still represent significant barriers that prevent many SMEs from trading online.
Indeed, the EU’s target for 33% of SMEs to be selling online by 2015 is far from being met (only 14% in 2013).
PayPlug Labs aims to offer SMEs a next generation payment system that will reduce software integration costs thanks to a state-of-the-art REST API, and provide low-tou…
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