Paymentology strengthens Middle East operations with a professional team

By Edil Corneille

Paymentology, a United Kingdom-based payment technology solutions provider, has strengthened its Middle East operations to support the region’s financial sector.

The London headquartered financial technology (FinTech) solutions provider has already kicked off multiple banking projects in the region with cloud native banking.

As Paymentology doubled its growth, it has appointed Nauman Hassan, Director for Client Services, Himanshu Mishra, Head of Project Management, Faizan Qureshi, Information Technology Manager and Bilal Hashmi, Implementation Manager.

Paymentology’s entry into the Middle East comes at a time when consumers are seeking more contactless and seamless payment options following the COVID-19 pandemic that is said to spearhead a FinTech revolution in the region and enable consumers to carry out transactions while on the move.

The demand for contactless and non-cash transactions soared after COVID-19, prompting businesses and financial institutions to shift towards digital and smart payment solutions.

“Shane O’Hara, CEO of Paymentology said, “…We have strengthened our regional operations by hiring some key professionals who have already started to negotiate with large banks and financial services companies. Our initial engagement with the banks shows their strong desire to completely digitise the banking and payments industry.”

With online purchases rising, consumers are now demanding customer-centric and flexible solutions. Banks and financial institutions need to act fast to ensure compliance and deliver with operational agility. Paymentology’s platform is said to enable its clients to be as agile and flexible as consumers demand.

Launched in 2015 and with accreditations to operate globally, Paymentology has been chosen by banks such as Revolut and Standard Chartered’s Mox Bank to support their customer-centric payment programmes.

Paymentology has mentioned that the technical expertise of its people and the understanding of the banking space means that the company can continuously innovate its services to enable customers to deliver competitive payment products to the market.