(1) Smart payments provider will enable immediate setup API to Swiss merchants and acquiring services to European Countries for leading Swiss payment facilitator TEL AVIV, Israel, Feb. 9, 2021 /PRNewswire/ -- Today, smart payments provider and merchant acquiring bank, Credorax, and Swiss-based international online payment facilitator, Payrexx, announced a partnership to provide Payrexx merchants with Credorax's smart acquiring solution across Europe. The close collaboration will enable Payrexx to provide quick onboarding and best-in-class personalized acquiring services for Swiss merchants, while bolstering Credorax's presence in the Swiss region. Through the partnership, Credorax will work with Payrexx locally in Switzerland as a payment facilitator, and globally as a payment service provider (PSP). As a payment facilitator, Payrexx will have access to Credorax's 'Immediate Setup API' functionality, allowing merchants to instantly set up sub merchants with a transaction scale. Payrexx will retain ownership of the merchant relationship and continue to control the payment and onboarding experience with KYC and settlement reliance, enabling Payrexx to offer their merchants a quick and smooth onboarding using Credorax technology.