Credopay partners with The Zubair Corporation to foray into the Middle East

By Leandra Monteiro

Credopay announced its foray into the Middle East with the launch of Salispay. Based in Muscat, the capital city of Oman, SalisPay is a joint venture with Oman Computer Services LLC, a 100% subsidiary of Oman’s largest business conglomerate, The Zubair Corporation (TZC).

SalisPay will be a one-stop solution for unified acquiring, multi-channel payment processing and connected banking solutions for banks, neo-banks, payment facilitators, merchant acquirers, FinTech companies and ISOs in Middle East. The joint entity will provide clients with a secure, robust, certified, and scalable solution through its platform-as-a-service (PaaS), software-as-a-service (SaaS) and managed services products.

Co-founder and CEO, Dore Swamy, Credopay said, “CredoPay is a robust platform where we offer our clients faster speed-to-market, lower cost of installation, maintenance & operations. This joint venture with TZC, the largest business house in Oman, with presence and influence across Middle East, will help us capture the market in Middle East”.

Captain Siva Raja Sekhar Padala (Retd), Cofounder and CTO, Credopay said, “The platform is highly scalable, robust and secure and is certified by leading international certification agencies including PCI DSS and ISO 9001:2015. It is capable of processing transactions of RuPay, VISA, MasterCard, AMEX, JCB and many more international Card Associations.”

Besides transaction processing, the new-age platform also works as a marketplace for financial products with real-time settlements enabling traditional financial product companies such as wealth management firms, NBFCs and banks to embark on a digital journey and reach out to a larger target market. The 75,000-strong network of CredoPay provides its clients access to a large pool of associates to sell and fulfil their products on a real-time basis.