GlobalCollect to provide processing services for Ticketbis

Source: GlobalCollect

GlobalCollect, an Ingenico Group company and the world's most knowledgeable payment service provider, today announced that it will provide global payment knowledge and processing services to Ticketbis, an online platform where anyone can securely buy or sell tickets for all types of events.

Ticketbis has experienced rapid growth ever since it was founded in 2010, and as the company prepares for the next phase in its evolution, it was looking for specialist payments knowledge and experience to help drive international expansion and further optimize its payments infrastructure. With GlobalCollect signed up, Ticketbis will be able to improve the acceptance of payments from a wide range of merchant acquirers and credit card brands. Furthermore, the company will employ GlobalCollect's innovative Managed Fraud Services to drive down costs associated with online fraud and chargebacks.

"As we evolve from a regional start-up to a global leader in the online ticketing space, our needs in terms of payment processing also evolve. So we were looking for a partner who could offer global coverage, and combine that with strong local expertise, particularly in Latin America," said Jon Uriarte, CEO and Cofounder at Ticketbis. "GlobalCollect provides us with both the processing capabilities and the deep payments knowledge we needed. Plus, with Managed Fraud Services, we have access to GlobalCollect's fraud expertise and sophisticated analytics to maximize approvals, minimize chargebacks, and reduce our operational costs."

Ticketbis is currently active in more than 30 countries around the world. Contrary to many local competitors, the company has been developed from the outset as a truly global platform offering deep connections to local markets. The company is the market leader in Southern Europe and Latin America, and offers tickets to leading sporting events, concerts and other entertainment all over the world. Focusing on transparency, safety and reliability, the company has transformed the way people buy and sell tickets worldwide.

"Ticketbis has seen tremendous growth in a very competitive industry, establishing itself as the market leader in many of the geographies it's active in" said David Jimenez, Chief Revenue Officer at GlobalCollect. "We are excited to contribute our knowledge and experience, as well as our global network of full-service payment solutions to Ticketbis. With GlobalCollect, Ticketbis will be able to reach even more consumers across more markets, and provide them with the best and safest payments experience possible." 

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