Online marketplace payment provider Yapstone has launched Transact, a payment platform boasting global capabilities.

The Transact platform is built on a foundation of micro-services which lets Yapstone customize solutions specific to marketplaces, according to a press release. New features include include the acceptance of global alternative payment methods, simplified micro-merchant onboarding and payouts, a set of industry-centric APIs, and a comprehensive developer portal.

"The anatomy of an online marketplace varies," said Sanjay Saraf, CTO of Yapstone, in the release. "It is no longer sufficient to provide a general payment API, when each industry has unique business processes and data elements needed for optimal performance. Our technology supports the organic business functions of individual marketplaces, so that sharing economy leaders can conduct business as their marketplace is designed, rather than around a general payment API."