Ecommpay wins top innovation prize at Financial Services Forum
Ecommpay has received the Special Judges Award at the Financial Services Forum 2025 Awards for Innovation and Transformation for its Payouts via Hosted Payment Page solution.
The award recognises what the panel described as the "Most Innovative or Transformative Idea" within financial services, highlighting advancements in how businesses can process secure and flexible payouts to a range of beneficiaries, including gig workers and members of online communities.
According to the organisers, the Financial Services Forum Awards for Innovation and Transformation are intended to celebrate businesses, teams, and individuals who have introduced notable innovation or effected change within their market or category. The event aims to highlight impactful marketing innovation and transformation within the financial services sector.
Recognition for Ecommpay
The Payouts via Hosted Payment Page solution, developed by Ecommpay, was selected for its ability to improve the efficiency of payout processes. The solution accommodates payment cards as well as deposits via Apple Pay and Google Pay, streamlining the process for businesses needing to send funds when beneficiary details may be unavailable. This scenario often arises among gig economy platforms and member-based digital communities operating globally.
The approach is of particular relevance to businesses that issue payments to individuals such as gig workers or members of online communities, where the payer may not have detailed information about the recipient. This can include international remittance providers, ride-share platforms, and accommodation marketplaces.
Max Ryzhov, Chief Product Officer at Ecommpay, commented on the company's approach in light of the award:
"Ecommpay is on a mission to deliver inclusive and innovative solutions to merchants and FinTechs and this latest Award underlines our commitment to innovation. We are especially excited to receive special Judges recognition for our transformative idea."
Payments landscape
Advances in payment orchestration and direct payout solutions have become more significant as businesses seek to address the requirements of the digitally enabled economy. Solutions that simplify and secure payment flows are viewed as increasingly necessary with the rise of gig economy work, peer-to-peer commerce and international remittances.
The introduction of the Payouts via Hosted Payment Page is aimed at enhancing operational efficiency by reducing the reliance on third-party systems, according to information provided by Ecommpay, and aims to help clients manage payments seamlessly on a global scale.
For businesses in sectors such as ride sharing and accommodation marketplaces, where payments to individuals are frequent and often cross regional borders, the ability to process payouts without detailed beneficiary information has the potential to streamline compliance and operational processes.
Ecommpay has positioned its platform as one that integrates acquiring, payment processing, open banking, and direct debits within a single interface, in part to minimise cost and complexity for clients. The platform supports over 100 payment methods and is accessible via one API for its clients worldwide.
Industry context
Financial service providers have increasingly invested in digital solutions that meet the needs of businesses operating in an interconnected and highly regulated environment. Ecommpay's recognition at the Financial Services Forum Awards puts a spotlight on the industry's growing emphasis on technological solutions tailored to support payment security, regulatory compliance, and user experience.
The Financial Services Forum's awards continue to focus on identifying and acknowledging influential contributions to marketing innovation and business transformation across the sector.
