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PhotonPay joins Tribe Payments to offer Issuer Processing services

By Gloria Mathias

October 31, 2024

  • APAC Expansion
  • APAC news
  • Discover Global Network
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PhotonPay, Fintech Solutions, Fintech News, Discover Global Network, Fintech China, Fintech APAC, Tribe Payments, APAC News, APAC Expansion, Payments Solutions, Payments Technology, Tribe Payments has been selected as a payments processing partner by Hong Kong-based PhotonPay, a digital financial infrastructure platform, to provide its issuer processing services.

Founded in 2015 by Lewison Chen, PhotonPay provides global funds management services to businesses with its innovative core products, including Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. It is committed to building a digital payment network to remove friction from global payments and enhance operational efficiency for businesses operating globally.

Headquartered in Hong Kong, PhotonPay provides global transaction coverage and operates eight offices worldwide, including in the UK, USA, China, and Canada. Its solutions are entrusted by over 200,000 enterprises, and its annual transaction volume exceeds $10 billion.

With Tribe, PhotonPay will be able to issue cards to satisfy one of its primary objectives, i.e., satisfying the evolving needs of its customers in a dynamic market.

“We are thrilled to partner with Tribe,” said Chao Xu, Head of Product at PhotonPay. “This collaboration marks an important step for PhotonPay in expanding our global card issuing capabilities. By combining our respective strengths, we aim to deliver superior solutions that drive growth and enhance the customer experience for businesses worldwide.”

“As a trusted payments solution provider, Tribe meets PhotonPay’s requirements for system flexibility, scalability, and full customisation. Tribe’s developer-led APIs also enabled PhotonPay to launch a pilot within weeks, and Tribe is now one of its key partners for global deployment,” added Xu.

Jo Lawrence, Head of Customer Success at Tribe, shared, “We are delighted to be partnering with PhotonPay to introduce cards with multi-currency capabilities in Hong Kong. It’s a hugely exciting time for Tribe as we look to expand our presence in the Asia-Pacific (APAC) region, and this new partnership perfectly highlights our shared ambitions with PhotonPay.”

The new partnership builds on Tribe’s growing footprint in APAC following the recent opening of its Singapore office and the appointment of payments industry veteran Matt Weir to lead operations in the region.

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