Paymentology appoints new Middle East GM

By Robin Amlot

UK cloud-based payment processor Paymentology has appointed Ashkay Patel as General Manager for the Middle East, and made further additions to the current teams based at the Dubai office and 24/7 contact centre in Pakistan, Paymentology said it is positioned for rapid growth, particularly with Wirecard’s potential exit from the market.

In the UAE, with more than 17 out of 20 adults unbanked, the opportunities for a quality payment processor capable of bringing market-leading technology to existing and new digital banks to serve the region is significant.

Paymentology claims a track record 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 an existing platform in as little as 14 days.

Chief Executive of Paymentology, Shane O’Hara, said: “The Middle East is a market that is ripe for growth. We have accelerated our plans to expand in the region, and our new appointments both evidence our commitment to support the local banks, as well as positioning us strongly to ensure we can deliver quickly and efficiently for new contracts.”

Ashkay Patel added, “I am delighted to take on the role as General Manager for the Middle East, to build on our existing presence in Dubai and Pakistan. The current demographics point to the need for an established and flexible payment processing platform and I believe that Paymentology is now perfectly placed to seize this opportunity.”

Paymentology runs multiple issuer payment card processing platforms across the world, spanning Mastercard, Visa and UnionPay networks.