Malaysia’s Everus inks deal with PayCaddie to enter US market
By Digital News Asia June 20, 2018
- Everus has offices in Malaysia, Singapore, India, Switzerland and the US
- Has begun expansion into the South Korean market
MALAYSIA-based blockchain company Everus has reached a landmark deal with North America’s largest payment processor and integrator service company, PayCaddie.
Based out of California, PayCaddie will offer and collaborate in processing EVR acceptance services at retail locations throughout the US.
Currently PayCaddie services and supports financial clients such as Bank of America, WorldPay, Wells Fargo, Chase, AdKiosks, Vantiv, First Data, Intel, Sizzle Networks, Microsoft, Fifth Third Bank and Discover Network.
This partnership with PayCaddie enables merchants to accept EVR payment as well users to pay for goods and services directly from their EVR wallets, giving EVR increased usability, acceptance and demand value.
“This partnership and deal is exciting and rewarding, laying the path for Everus’ plans to expand into the American market, and will give us unprecedented access, reach and exposure,” said Everus CEO Srinivas Oddati (pic).
“We believe that this partnership will be an extremely fruitful one for both Everus and PayCaddie as we work to increase the awareness, acceptance, and usability of cryptocurrency especially EVR.”
The expansion into the USA is part of Everus’ ongoing plans to grow its brand, transactional value and presence globally.
With offices in Malaysia, Singapore, India, Switzerland and the US, Everus aims to tackle key markets one step at a time in this year. Everus has begun expansion into the South Korean market, with an official launch set to take place in Seoul later this year.
Focusing on breaking into the American market, Everus aims to create a network of over 500,000 merchants and outlets that accept EVR as payment.
This association with PayCaddie will enable Everus to create synergies and opportunities through PayCaddie‘s channels and partnerships.
PayCaddie will be working to direct both online and offline merchants to Everus’ merchant onboarding system, EverMO.
For online and ecommerce merchants, the Everus custom payment API is designed to integrate with all open source ecommerce carts such as OpenCart, Drupal and WooCommerce.
Offline merchants will also be able to utilise the payment API at the point-of-sale (POS), allowing customers to purchase goods and services in person. This covers the technology collaboration stack at all ends.
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