back Back

Pismo supports NG.CASH in providing a processing platform for core banking and payments services

By Edlyn Cardoza

January 19, 2023

  • APIs
  • Brazil
  • Cashback
Share

Pismo, NG.CASH, Financial Life, Financial Services, Microservices, FinTech, Pix, APIs, Cashback, Rio de Janeiro, BrazilThe financial services company NG.CASH is focused on Gen Z. It was created in 2021 and, in a short time, surpassed the mark of 1 million accounts opened. In 2022, the company received an investment round to continue the growth of its user base, expand the team and diversify the range of financial products for Generation Z. To scale the operation quickly with high safety standards, the company chose Pismo as a technology partner to provide a complete processing platform for core banking and payments services, cloud-native and microservices-based.

“The adoption of Pismo reinforces our technology DNA and allows us to scale our operation efficiently and securely while maintaining high standards of security and availability. In addition, the transition to the platform brought a reduction in operating costs and allowed the expansion of the offer of financial products for generation Z, keeping us relevant in the daily lives of our customers,” says Petrus Arruda, COO of NG.CASH.

NG.CASH developed the project with Pismo in six months. It enabled FinTech from Rio de Janeiro to launch, with other partners, its new credit card for generation Z, operating with its own payment institution license. In addition, the company already offers Pix, recharge of games and cell phones, payment of slips, scheduled allowance, and other features.

The Pismo platform brings a set of microservices and APIs for payment processing and core banking. These ‘building blocks’ enable financial companies like NG.CASH to quickly build and launch new products and services. As it is cloud-based, the platform allows systems to be scaled as the business grows while maintaining high security and availability standards.

“Supported by Pismo, NG.CASH will be able to grow by offering tailored services to an essentially digital audience eager for news”, says Ricardo Josua, Co-Founder and CEO of Pismo.

NG.CASH wants to differentiate itself with features such as application customisation, services, and investment options that meet the demands of generation Z, in addition to cashback and a discount marketplace.

Previous Article

January 19, 2023

Monei gets green light from Bank of Spain to test digital euro ‘EURM’

Read More
Next Article

January 19, 2023

valU deploys Infobip’s solutions to provide customer support over WhatsApp

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

APIs

Digital remittances surge as key lifeline amid global economic challenges, study shows

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

June 14, 2024

IDVerse brings Identity Verification solution to Temenos Exchange

Read More

June 14, 2024

Doha Bank & Mastercard partner to boost digital payments in Qatar

Read More

June 14, 2024

Lumin Digital & Pinwheel team to strengthen Banks and Credit unions

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

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