Synopsis-
“Collctiv will take advantage of Ryft’s experience to make it easier for users to create money pots, which will streamline the money collection procedure for those who plan collective presents and activities.”
Collctiv and Ryft, two Manchester-based FinTech entrepreneurs, have teamed up to revolutionise the group payment industry and offer a more personalised checkout process.
Collctiv will Streamline Money Collection with the help of Ryft
Collctiv will take advantage of Ryft’s experience to make it easier for users to create money pots, which will streamline the money collection procedure for those who plan collective presents and activities. Collctiv has additional advantages from the new partnership, including lower fees and more flexible payment options.
Furthermore, by personalising the payment process, the company anticipates that the introduction of customizable payment links will increase customer engagement.
Additionally, it appears that the partnership will expedite Collctiv’s merchant onboarding procedures, resulting in increased operational efficiency and transparency. By extending their presence throughout Europe and beyond, the cooperation will also assist both businesses break into new markets.
Pete Casson, CTO and co-founder of Collctiv, stated, “We are thrilled to collaborate with Ryft as their technology enhances our ability to offer improved payment options through the Collctiv app. This partnership not only streamlines the money collection process but also lays the foundation for potential future expansions. Our shared commitment to exceptional customer support aligns seamlessly, making collaboration with a fellow northern British company like Ryft a testament to the robustness of the North and its pivotal role in shaping the future of British commerce.”
The official start of the cooperation was November 1, 2023. The joint venture has already shown a 7% rise in Apple Pay transactions since its inception.
Sadra Hosseini, CEO of Ryft said, “This is an exciting moment for Manchester’s FinTech scene with two of its most innovative companies joining forces for a highly relevant strategic partnership. We have been big fans of what Collctiv has done over the years and believe the integration of our complementary services can help the company take its offering to a new level.”
