back Back

Opus powers the switch transformation space by offering innovative payment solutions

By Edlyn Cardoza

January 17, 2023

  • Digital Payments
  • Opus
  • Payment Switch Migration

Opus, Real-time Payment, Route Transactions, Payment Switch Migration, Switch Transformation, Payments as a Service, Digital Payments, USAA growing appetite for innovative, real-time payment solutions renders the legacy switch obsolete in today’s fiercely competitive world. Bank issuers and payment processors need to tailor their payment systems and upgrade their switching capabilities to provide seamless digital experiences.

Opus is powering payment engines of leading organisations to acquire, switch, route, and authorise transactions from multiple sources and seamlessly manage the transactions right from the point of access to settlement.

Considering how most customers interact with a business via a switch, payment switch migrations and continual enhancements have become invaluable in helping businesses effectively route transactions, extend their network, and offer convenient payment options to customers.

Addressing the need for a flexible switch in delivering a frictionless payment experience, Praveen TM, CEO of Opus, said, “With payment methods being constantly innovated, the legacy switch performance is impacted owing to a host of factors such as a rise in transaction volume, customer demands, narrowing profit margin, and increasing manual operations. Modernizing the switch is the need of the hour as it brings much-needed agility enabling payment systems to be updated at the speed of innovation worldwide.”

The company has a proven track record of orchestrating global payment switch transformation projects where they have helped clients gain an edge over their competition by offering next-level digital payment experiences.

Regarding Opus’ experience working with highly complex payment switch transformations, TM said, “Opus is backed by a rich legacy of 25 years. Our global payment professionals have extensive experience and a deep understanding of the payments domain. We are the trusted implementation partner for key industry players and banks, where we have successfully led switch transformation projects as per dynamic business needs.”

Previous Article

January 17, 2023

Dutch start-up iBilly selects Klarna Kosma for open banking

Read More
Next Article

January 17, 2023

HES FinTech selects as payments and banking partner

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024

Digital Payments

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Hecto Financial eases cross-border transactions with new solution

Read More

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024 activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023