Payvision Partners with ING for Cross-Border E-Commerce Payments
Payvision, a global payments fintech, entered into a partnership with Dutch banking giant ING in early 2018 to jointly deliver cross-border e-commerce payment processing services. The collaboration was structured around complementary capabilities: Payvision contributed its specialized payments technology platform, while ING provided its banking license, regulatory compliance framework, and global customer base. The partnership enabled merchants to access seamless cross-border payment processing under a unified offering.
This deal was representative of a broader industry shift in 2018 where banks increasingly viewed fintechs as collaborators rather than competitors. By Q4 2018, 79% of the top 100 global banks had established fintech partnerships. Financial terms of the Payvision-ING deal were not publicly disclosed.
The partnership laid groundwork for deeper integration between traditional banking and fintech payments infrastructure.
- Demonstrated that major European banks were actively seeking fintech partnerships for payments innovation rather than building in-house
- Signaled cross-border payments as a key area for bank-fintech collaboration in embedded finance