Salamantex, which Dash Embassy DACH on-boarded earlier this year to integrate Dash into their cryptocurrency POS system, has formed a partnership with A1 Payment, Ingenico, and Concardis to accept a variety of digital payments.
A1 Payment “is Austria’s leading communications provider” and provides customers with “all-in-one offering, including voice telephony, Internet access, digital cable television, data and IT solutions, wholesale services and mobile business and payment solutions”, according to the press release. Now, A1 will enable companies “to accept digital currencies such as Alipay, WeChat Pay, or cryptocurrencies in addition to their existing payment methods”. Markus Schreiber, Head of A1 Business Marketing, discussed how digital payments are on the rise in Austria, “in particular, guests from Asia want to pay primarily with Alipay, WeChat Pay or a coin”.
#ANNOUNCEMENT— Salamantex (@salamantex) June 18, 2019
We are very proud to announce our new cooperation partners @A1Telekom and @ingenico!
Together we offer new opportunities to customers aiming to position themselves as "first mover" in the field of digital payments.https://t.co/eF32T0K31W#digitalpaymentswelcome pic.twitter.com/QC16OoeIqF
Ingenico Group is “the world’s leading provider of secure and seamless payment solutions for a wide range of applications” and Concardis Payment Group is also “a leading provider of digital payment solutions” with customers in Germany, Austria, Switzerland and Southeastern Europe. Salamantex CEO René Pomassl discussed how the partnership will lead to enhanced choices for customers.
“With the expansion to digital means of payment, A1 Payment plays a pioneering role in times of digitization. Together we create trust and new opportunities for customers who want to position themselves as ‘first movers’ in this area. This will allow consumers to choose from an even wider range of payment methods in the future.”
Enhancing consumer payment options
Digital payments are on the rise, especially contactless methods, which is a positive sign for both cryptocurrency and platforms like Alipay, WeChat Pay, etc as businesses adapt to consumers’ desires to stay competitive. Salamantex recognizes this, but also the need to accommodate merchants with a very friendly user interface and experience such as a sleek POS terminal that also accepts debit/credit cards and simplifies bookkeeping by integrating with merchants’ current POS software. By creating a multi-currency POS system, merchants and consumers are more likely to experiment with other payment methods than if each required a different POS terminal and software, which would introduce a higher switching cost.
The rollout for this particular integration will start in Austria and as the press release mentioned, tourists are a major segment of the digital payment sector. The lack of a need to exchange currencies also highlights the advantages of digital payments and cryptocurrencies. This makes tourism much easier and cheaper for consumers and the fact that merchants can easily accept a multitude of payments means that they can easily welcome a multitude of tourists from different countries.
Dash working to maximize payment options
Dash has been working diligently to integrate onto as many payment terminals around the world as possible to maximize consumer reach. Salamantex, QR.CR, AnyPay, Spark, and Dash Retail are just some of the POS terminals that have integrated Dash in addition to numerous payment processors on websites that accept Dash. Then Dash has also been widely accepted by cryptocurrency travel platforms like Travala, More Stamps Global, and TravelbyBit recognizing the advantages of helping individuals make payments in foreign countries without having to deal with troublesome fiat currency exchanges. This has helped Dash get around 5,000 merchants around the world to integrate Dash. Additionally, thanks to the decentralized nature of Dash, groups like Dash Embassy DACH are able to achieve key integrations like they did with Salamantex that eventually lead to fruitful partnerships.