The coronavirus pandemic accelerated the trend that was already emerging before it began. Namely, the increasing shift in e-Commerce from a wholesale model, where sellers buy inventory from brands and sell them online, to a marketplace model, where third-party sellers sell directly through the platform.
“As a payment solution provider, we teamed up with Merkato, to add its marketplace solution as a natural extension to our comprehensive suite of consumer offerings. It will allow our merchants to reduce overhead in the collaboration between suppliers and channel partners. We chose SentecaCommerce’s technology in order to enable faster time-to-market of new features, seamless integration with third party systems and complete freedom in user experiences across all devices due to the system’s headless, API-first and event-driven software architecture.” shares Christo Georgiev, CEO and Founder of myPOS.
“Adding global businesses like myPOS and Merkato to our client ecosystem provides unequivocal validation to our technology’s clear benefits to modern enterprises. Marketplaces are the new center of online shopping and we are excited to have our platform as the commerce engine behind Merkato’s multi-seller business.” adds Stilian Shishkov, Chairman of the Board of SentecaCommerce.
SentecaCommerce is a cloud-native Platform-as-a-Service (PaaS) solution. Its API-first, event-driven nature simplifies complexity and empowers enterprises to achieve unrivalled performance, effortless scalability and unlimited flexibility in their unified commerce.
myPOS is an award-winning European payments provider serving over 100,000 business clients across 30+ European markets. With over 100 million transaction volume, myPOS stands for financial innovation and inclusiveness, empowering small and medium size merchants to accept cashless payments in-store and online and thus grow their business.