Praxis Tech has become a driving force in the developing field of payment orchestration, providing a scalable, flexible solution to merchants operating in today’s diverse, complicated payment ecosystem around the globe. Based in Limassol, Cyprus, Praxis was created to enable merchants to combine multiple payment systems in a single, integrated move, as opposed to having to handle multiple direct connections to acquirers, PSPs, and alternative payment methods, respectively. Rather than being saddled by multiple direct connections, companies that utilize Praxis have the scalability, agility, and operational ease to change fast, scale globally, and minimize technical and operational drag. This is a highly desirable feature in high-speed verticals such as forex, iGaming, and international e-commerce, where speed, reliability, and regulatory adherence are not merely competitive edges—they’re essentials.
Behind the scenes, Praxis is a highly extensible orchestration engine that provides next-gen routing, failover, and smart cascading intelligence to ensure transactions get to the best processor every time. Its smart transaction flow lowers declines, decreases costs, and enhances approvals by region. With embeddable reconciliation tools, real-time data dashboards, and configurable risk profiles, Praxis provides enterprises complete visibility into, and complete control of, their payment flows. The platform meets PCI-DSS Level 1 compliance standards, as well as being ISO/IEC 27001:2022 compliant, featuring built-in 3D Secure 2 support, along with machine learning-enabled fraud detection. For technical teams, Praxis offers a developer-centric REST API, SDKs, along with plug-and-play compatibility with leading e-commerce platforms, making integration quick and flexible. What distinguishes Praxis is its merchant-centric approach and its openness to adaptability. Instead of being a closed system, Praxis is inherently agnostic—built to integrate with a multitude of banks, PSPs, and APMs, depending on merchant desire. Its infrastructure covers more than 540 payment partners and alternative channels, enabling businesses of every size to configure the environment to suit individual geographic, regulatory, and strategic requirements. Whether a new startup expanding into a new region or an international organization streamlining cross-border settlements, Praxis enables companies to make payments easier, minimize vendor lock-in, and capture the agility necessary to thrive in a digitally driven economy over a lasting period of time
