The rapid move to digital cash accelerated by the coronavirus pandemic, with China, in particular, has seen a 300% growth in the volume of mobile-based payments in the three years since 2017, points to expected demand for market-leading payment processors who are able to integrate their platforms speedily into established and challenger banks.
Chief Executive of Paymentology, Shane O’Hara commented, “We see a rapid growth trajectory in the Asia Pacific region, and it is becoming clear that Singapore will be the fintech hub to drive this forward. The technology that we have built in the Paymentology platform positions us well to play a major part in the emerging opportunities, which is why we are committing additional resources there.”
Paymentology has a track record not only of platform integrations that deliver best-in-class fraud prevention systems, and virtually instantaneous transaction approvals, but also has a proven ability to integrate into existing platforms in as little as 14 days, making this processor a natural choice to partner with as banks compete to address the potential market opportunity in Asia.
Matt Bruton added, “I am delighted to take on the role of General Manager for the Asia Pacific region. The opportunities there are clear, but will demand best-in-class integrations, placing Paymentology in a very good position to be the natural choice for banks.”