Checkout.com, a leading digital payments company, today announced several new product innovations at its global enterprise customer event, Thrive, held in Barcelona, Spain.  

The company offers a suite of modular payment solutions that help businesses reduce the complexity and cost of payment processing while increasing performance and revenues. The company’s Intelligent Acceptance product runs more than 60 million optimisations per day and has helped customers unlock $5.5bn in lost revenue (more than seven times more than the previous year), using AI trained on billions of transaction data points originating from the entire Checkout.com merchant portfolio (the ‘Checkout Network’). 

In 2024, to support the needs of its customers, Checkout.com added Visa and Mastercard direct acquiring in Japan and continued to grow its global payment method offering, with the notable addition of Bizum in Spain and Venmo in the United States. The company announced that it will be expanding direct acquiring to Brazil and Canada during 2025. 

 Founder and CEO of Checkout.com Guillaume Pousaz said: “We deeply believe that the collective value of our network effects should, over time, benefit every customer that uses our products. The more transactions we process, the smarter decisions become, improving payment performance and lowering fraud. We offer these economies of scale back to every customer, lowering costs and helping them derive greater value from every transaction powered by Checkout.com.” 

The product innovations announced at Checkout.com’s annual customer event today include: 

Improved checkout conversion: Flow enhanced with Forward API and Remember Me features

Introduced earlier this year, Flow helps businesses boost online conversion and speed up the checkout experience by proactively presenting shoppers with the most relevant payment methods. It’s simple to deploy, allowing customers to enter new markets quickly, and constantly updating the payment methods needed for each market. It also reduces the effort needed to be compliant with PCI, GDPR, and card scheme requirements. The product has seen extraordinary adoption with transaction volumes growing 60% month on month, and concrete results with a 5% uplift in acceptance rates for merchants that were early adopters. The company announced that Flow will be deployed as a standalone service that uses its proprietary Forward API so customers can benefit from using Flow’s innovation whichever payment provider they elect to route their transactions. 

With hundreds of new releases already deployed since launch, Checkout.com unveiled a new feature of Flow called ‘Remember Me’, which allows shoppers to ‘save their card’ once and be immediately available for use across the entire Checkout Network. With over 70% of online carts abandoned due to complex checkout experiences, this new feature will significantly reduce friction and increase conversion rates for customers. 

Greater control of payment data with Standalone Vault and Forward API

Standalone Vault allows customers to securely store, manage, and retrieve all their Checkout.com transaction payment data in one centralised vault. This solution offers full control over payment data, allows customers to comply effortlessly with security standards, and simplify token management which ultimately reduces costs. With over two billion individual cards already stored in the vault, customers can use the Forward API, to process transactions securely with multiple payment providers. 

Checkout Business Account to optimise cash flow

Beyond payment optimisation, the new Checkout Business Account optimises cash flow across Checkout.com’s suite of products. Customers will get access to funds the same day on which they process a transaction, earn market-leading yields on their available balances and can pay business expenses all from one place. Integrating payment flows with cash management simplifies complex global fund management and provides greater visibility and control for customers. 

Continued growth and global expansion

With the global digital economy estimated to be growing 2.5 times faster than physical world GDP, Checkout.com’s focus on digital-first payments has seen the business continue to grow its revenue by 40%, with strong growth expected for 2025.  

Meron Colbeci, Chief Product Officer at Checkout.com, added: “With today's product innovation launches, we are helping our customers navigate the complexity of the payments world where they most need it. In line with Checkout.com’s product philosophy, customers should have choice, which is why we are building everything to be modular and fully interoperable, giving greater flexibility to customers designing their optimal payment solution.”