The innovation leader in collections and receivables management has been recognized for the best payment-based initiative of the year.
PAIR Finance, Germany’s fintech that transforms collections into a positive customer experience with Artificial Intelligence, is this year’s winner of the “MPE Awards” in the category “Merchant Payments Initiative of the Year”. PAIR Finance was awarded with the prestigious prize at the Merchant Payments Ecosystem Conference (MPE 2021) on February 25, 2021 in Berlin, Germany, as part of the annual trade conference. The virtual award ceremony was attended by more than 750 conference attendees, including global merchants and senior payments industry experts.
PAIR Finance has gained significant traction, has strong growth and represents the interests of end users.
Jury Chair Neira Jones
In her laudatory speech, MPE Awards Jury Chair Neira Jones, highlighted PAIR Finance’s growth and consumer focus, saying, “In the current challenging times we have seen a far greater use of credit in all forms by consumers and merchants. PAIR through its AI-based Fintech for debt collection and receivables management services has gained significant traction, has strong growth and good end user/debtor advocacy all with higher recovery rates than the average.”
Stephan Stricker, founder and CEO of PAIR Finance: “We are very honored to receive the award for the best merchant payment initiative of the year. Merchants are facing the challenge of dealing with high default rates due to unpaid invoices in their daily lives more than ever. Corona has reinforced this trend. We are pleased that we are helping to support the business community with our technology and consumer-focused payment strategies, and we are thrilled that this is being valued by a prestigious award.”
A jury consisting of experts in the fields of payment, startup/fintech and retail, as well as the audience, nominated 39 fintechs out of 180 submissions and selected the winner. A total of 14 titles were awarded.
Other award winners include:
- Best Use of Data Analytics/Fraud Prevention/Security Award: Fraugster
- Best Payments Partnership Award: Square
- Best Omnichannel or Multi Rail Payment Solution Award: Paysafe
The MPE Awards were launched in 2010 and over the past 12 years have become an important benchmark for global excellence in POS and payment processing. They are the only European award recognizing TOP companies for payment acceptance in retail.
