**payabl. Renews Partnership as Official Payments Partner for BEONIX Festival**
**Limassol, Cyprus – September 15, 2023** – payabl., a European financial technology provider, has announced the renewal of its partnership with Kaspinas Group, the organizer of the BEONIX Festival and various events at ETKO in Limassol. This collaboration marks the second consecutive year that payabl. will serve as the Official Payments Partner for the festival, which is scheduled to take place from September 25 to 27, 2026.
The partnership extends beyond the festival itself, as payabl. will continue to provide payment services for other ETKO events throughout the year. This ongoing collaboration aims to enhance the customer experience by streamlining payment processes for both online ticket purchases and in-person transactions at the festival.
The BEONIX Festival is expected to attract approximately 25,000 attendees over its three-day run, featuring 68 artists across four stages, including notable performers such as Adam Beyer, CamelPhat, and Benny Benassi. To facilitate the expected high volume of transactions, payabl. will support ticket sales through its payabl. checkout system for online purchases and upgrades. Additionally, the payabl. in-store solution will enable card and contactless payments at various points within the venue, including bars, ticket booths, and vendor stalls.
Marios Tsiailis, Group CFO at payabl., expressed enthusiasm about the renewed partnership, stating, “At payabl., we are committed to building trusted partnerships that help businesses grow and operate more efficiently. Our collaboration with Kaspinas Group reflects our shared focus on delivering secure, reliable, and innovative payment solutions that create lasting value for merchants and their customers.”
Charalampos Xenofontos, Director at Kaspinas Group, also commented on the partnership, highlighting the importance of a cohesive payment experience. “We are pleased to continue our partnership with payabl. for another year. Payments are an important part of the experience we provide across BEONIX and ETKO, from online ticketing to purchases at the venue. Working with one partner across all these touchpoints gives us a more consistent way to manage payments while supporting the scale and demands of a festival such as BEONIX.”
As part of the renewed sponsorship, payabl. will enhance its visibility at the festival through on-site brand activations, festival signage, and digital and social media promotions. This partnership further solidifies payabl.’s commitment to the local market, as the company is headquartered in Cyprus and has been actively working with local businesses to modernize payment acceptance and management.
The payabl. checkout and in-store solutions are designed to help businesses efficiently manage payments across both online and physical channels. The payabl. checkout system allows businesses to create and manage online payment experiences, including hosted payment pages and payment links. Meanwhile, the payabl. in-store solution provides point-of-sale (POS) terminals for card and contactless transactions, all integrated with the payabl.one platform. This platform consolidates transaction data from various payment channels, offering businesses enhanced visibility and control over their financial operations.
For more information on payabl.’s acquiring and in-store payment solutions, interested parties can visit their website at payabl.com/payabl-gateway.
As the BEONIX Festival approaches, both payabl. and Kaspinas Group are poised to deliver a seamless and engaging experience for festival-goers, ensuring that payment processes are efficient and user-friendly throughout the event.