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Paymentology & audax to offer end-to-end Cards-as-a-Service solutions

By Gloria Mathias

May 16, 2024

  • APAC news
  • audax Fintech Technology
  • BaaS
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Paymentology, TrueMoney, audax Fintech Technology, Standard Chartered Bank, Fintech solutions, CaaS, BaaS, Card solutions, Banking Twechnolofy, SEA, MENA, Southeast Asia, APAC News, MENA News, Paymentology, the next-gen global issuer-processor, has partnered with audax Financial Technology (audax), a comprehensive digital banking technology solutions provider backed by Standard Chartered Ventures.

This collaboration transforms the payment landscape in Southeast Asia and the Middle East. It allows financial institutions (FIs) to launch and manage their own branded card program in months.

By leveraging audax’s all-encompassing digital banking and Banking-as-a-Service (BaaS) solutions alongside Paymentology’s advanced card processing capabilities, this partnership addresses a market gap and niche for CaaS in these regions. It presents a scalable and quick-to-market model that simplifies the initiation and management of the card-issuing process.

Paymentology, paired with audax’s digital banking technology solutions, empowers banks and FIs to scale and modernise their existing infrastructure swiftly. This enables them to efficiently manage large volumes of customer data concurrently, deploy innovative card programs, streamline operations, reduce time to market, and ultimately enhance the customer experience.

audax and Paymentology’s joint solution aims to help banks and FIs streamline and scale card program operations without the challenges associated with navigating complicated regulatory frameworks.

Merusha Naidu, Global Head of Partnerships at Paymentology said, “We’re thrilled to announce our partnership with audax. Through this collaboration, we will empower banks to thrive in the digital age by utilising audax’s digital banking platform in combination with our cloud-native next-generation platform. We aim to modernise the infrastructure of financial services institutions by accelerating the deployment of card programmes for issuers and co-brands, empowering them to run programmes based on customer and market needs efficiently.”

Michael Breen, Head of Commercial at audax, shared, “Our partnership announcement is timely as we continue to grow our presence in Southeast Asia and the Middle East. Together, we enable banks to increase their customer base and balance sheets and launch compelling, relevant products at speed, meeting customer needs. By leveraging audax and Paymentology’s combined expertise, banks can navigate economic uncertainty and bolster their bottom lines by offering innovative payment solutions.”

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