Paymentology Becomes First Issuer Processor in Europe to Receive Visa Cloud Connect Certification
Paymentology’s cloud-first card issuing, and analytics platform available on Visa Cloud Connect in Europe to offer reliable, scalable, and secure payment solutions.
31st October 2023 | London: Paymentology, a leading global issuer-processor, today announces it is the first issuer processor in Europe to secure Visa Cloud Connect (VCC) certification from Visa, a world leader in digital payments.
Paymentology is at the forefront of innovation in the fintech and banking sector, providing a next-generation payments platform and multi-cloud network to process any type of cards as a preferred issuer processor of Visa. Aligned to its cloud-first strategy, it is now the first issuer processor in Europe to achieve Visa Cloud Connect for its next-generation payments platform, enabling it to better serve its fintech, banking and telco clients by connecting to the global VCC network.
In today’s digital landscape, fintechs, banks, and telcos strive to expand globally and operate across borders. However, they often encounter obstacles such as the costs associated with local data centers, implementing specialised hardware, compliance with regional standards, and coordination with local partners. These challenges can slow down service deployment and hinder customer adoption.
The Paymentology and Visa Cloud Connect collaboration directly tackles challenges. Paymentology’s next generation platform securely connects to VisaNet via cloud-based infrastructure, offering a full suite of Visa products, eliminating data center costs, streamlining transactions, and ensuring data security and high performance. This enhances security, accelerates service rollout, reduces delays in customer adoption, and ultimately delivers a more reliable, scalable, and secure platform.
As part of Paymentology’s cloud-first initiative, it will have VCC end point active zones across Europe to ensure ultimate uptime for its clients while more markets will be deployed as part of the ambitious collaborative roadmap.
Merusha Naidu, Global Head of Partnerships at Paymentology commented:
“We have a long-standing relationship with Visa, and we are delighted to fortify our cloud-first strategy by achieving Visa Cloud Connect certification. As the first issuer processor in Europe to have our infrastructure purely in the cloud, this move not only exemplifies our commitment to innovation but also establishes our platform as the epitome of flexibility, scalability, and security for our clients.Europe marks the first step in our global rollout plan. We are poised to connect all regions to VCC in record time. We look forward to continuing our collaboration with Visa, unlocking payments together on a global scale by providing more reliable solutions for fintechs to get to market quickly.”
Joe Samuel, Vice President, Head of Issuer Enablers, Europe, Visa, added:
“Expanding access to financial tools and services is core to Visa’s purpose – uplifting everyone everywhere. Partners that connect to our global Visa Cloud Connect network unlock a wealth of product solutions for their clients and so we’re excited to continue our longstanding partnership with Paymentology.”
Going forward, the collaboration between Visa and Paymentology intends to replicate its cloud-first commitment to unlocking payments on a global scale, targeting Paymentology’s key markets across APAC, Latam, Africa, and MENA.
To find out more about Paymentology, head to: https://www.paymentology.
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About Paymentology
Paymentology is the leading next-gen global issuer-processor. It gives banks, fintechs and telcos the technology, team, and experience to easily issue and process any type of physical or virtual card; debit, prepaid, credit, BNPL, revolving and more. Anywhere in the world, rapidly and at scale.
Paymentology’s superior multi-cloud Platform offering both shared and dedicated processing instances, vast global presence and richer real-time data, set it apart as the leader in payments. Their payments experts bring deep, local market knowledge on the ground in 60 countries, across 14 time zones, guaranteeing 24/7 support. Paymentology is deeply committed to increasing financial inclusion worldwide, and to making a positive impact in the communities in which it operates. For more information visit https://www.
