MOCA and Advanced Services International partner to scale presence in The Caribbean and Latin America
By Pavithra R
MOCA, a digital-first next-generation card-based payment platform provider, and Advanced Services International (@dsi), a premier core processing and technology provider to the banking industry in The Caribbean and Latin America, announced entering into a strategic partnership.
Under the collaboration, MOCA will leverage @dsi’s core processing services and sales expertise to expand rapidly in the markets they both serve while @dsi will utilize MOCA’s digital-first next-generation card-based payment platform to expand its portfolio of offerings.
“Partnering with @dsi to distribute our next-generation payment platform is a win not only for MOCA and @dsi, but also for the banks @dsi serves and their account holders. MOCA and @dsi are bringing a new level of card and payment flexibility to customers who so far haven’t had it, and we are proud to be part of that,” said John Burns, CEO of MOCA.
@dsi will bring MOCA’s contactless and digital-wallet compatible physical and virtual debit cards and real-time P2P payments to its existing and future customers. @dsi will also offer MOCA’s mobile and desktop apps where each MOCA card can be monitored and controlled. MOCA will use @dsi’s digital core processing offerings to complement its next-generation payment platform, offering banks an integrated solution.
“Integrating MOCA’s advanced card-based payment platform into our offerings gives us a competitive edge. It’s hard to imagine another core processing provider in The Caribbean or Latin America competing against such a strong offering,” said Juan Samaniego, CEO of @dsi.
Already, MOCA and @dsi have successfully launched their first mutual customer, Puerto Rico-based Alliance Capital International Bank. “The success of Alliance Capital’s launch represents objective market validation of our integrated solution and is only the first of many banks serving The Caribbean and Latin American markets that can expect to bring advanced card and payment capabilities to their customers,” added Burns.
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