With a surging reliance on mobile QR payments and international tourism returning to pre-pandemic levels, travelers expect the same convenience and familiar experience when making purchases abroad with their native mobile payment apps. Simultaneously, merchants expect merchant acceptance compatibility with foreign wallets. HIVEX® addresses this opportunity by building a collaborative, secure payments network that bridges together cross-border users and merchants, thereby creating a compelling Merchant Acceptance Sharing network that thrives on continuously growing HIVEX® memberships. Traditional payment networks, built on a Merchant Acquiring model, are not scalable due to impediments like:

• Infrastructure requirements
• Interoperability issues
• Onboarding merchants one by one
• Regulatory complexities, and more

With HIVEX®’s Merchant Acceptance Sharing model, our innovative approach optimizes for efficiency, scalability, and reliability by:

• Utilizing existing infrastructure
• Leveraging existing QR codes and POS systems
• Offering full merchant coverage
• Retaining familiar UI/UX for users
• Supporting both MPM and CPM
• Maintaining heightened security protocol via DLT
• Not requiring new merchant acceptance stickers
• Promoting leading brands, not competing with them

Most importantly, HIVEX® is a neutral payments clearing network that connects and leverages MPSPs’ existing membership agreements with their merchants and users. This non-intrusive model opens up instant access for MPSPs’ members to reach untapped demographics, resulting in new revenue streams and ROI for both acquirers and their merchants.