Paymentology joins API Exchange to support financial inclusion in Asia

10 months ago

Paymentology has joined APIX, a global open-architecture platform supporting financial innovation and inclusion.

Gaining membership of APIX is Paymentology’s latest move to position its market leading technologies at the centre of the rapidly growing fintech market in Asia Pacific.

Having recently delivered the payments integration that supported Standard Chartered’s digital bank Mox Bank launching in the Hong Kong market, Paymentology announced in July that it was upscaling its Singapore presence, building on its already established data centre, with the appointment of Matt Bruton as General Manager for the Asia Pacific Region.

Matt Bruton says “We are supporting banks in Asia Pacific to become customer-centric whilst meeting their financial inclusion objectives. Our modular cloud-based architecture means banks can migrate from legacy systems to innovative solutions that give them full control over their card programme. APIX is the perfect platform to showcase our API capabilities and test some new technology.”

APIX is an initiative of the ASEAN Financial Innovation Network (AFIN), set up and developed in 2018 to drive the collaboration of new fintech solution providers.

APIX provides an infrastructure to enable financial institutions and fintech firms to connect and support each other, to design and validate digital solutions via APIs, and to facilitate the rapid deployment of digital solutions

Founder and CEO of Paymentology, Shane O’Hara commented, “Asia is an important region for us and we have rapidly established Paymentology as a natural choice for emerging digital banks requiring plug and play API solutions. Now being part of the APIX initiative positions us at the centre of developments and gives us access to a range of new business opportunities as we grow our footprint in the region.”

Editors’ Notes

About Paymentology

Built in-house and launched in 2015, Paymentology has accreditations to operate globally and it is firmly positioned as a leader in the payment processing world. It has been chosen by banks such as Revolut and Standard Chartered's Mox Bank to support their ground-breaking and highly customer centric payment programmes.

The technical expertise of its people and understanding of the banking space, mean that Paymentology can continuously innovate its services to enable banks to deliver competitive payment products to the market.

Paymentology runs multiple issuer payment card processing platforms across the world, spanning Mastercard, Visa and UnionPay networks, and is recognised as the leading innovator in the sector.


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About Paymentology

Paymentology runs multiple issuer payment card processing platforms across the world, spanning Mastercard, Visa and UnionPay networks. We are recognised as the leading innovator in the sector. We specialise in: Replacing legacy Issuer card processing, Provision of cloud & data centre based processing, Direct transaction injection into bank GL, Delivery of rich card spend datasets to bank, Enablement of very latest cardholder spend controls, and Support of Debit, Credit and Pre-Paid card programmes.