StyloPay, specialists in payment solutions and mobile applications, has decided to use Tribe Payment’s digital wallet technology to support its cloud-based payments-as-a-service offering.
Tribe’s technology will be an aspect of the offering that has been developed to enable banks card issuers to scale card programmes and mobile wallets globally.
“Our clients are demanding, which means we need to be demanding of the technology that we use. Services need to work globally and to international standards but be tailored to the specific needs of industry sectors,” said Avishek Singh, CEO of StyloPay.
“Tribe was able to meet these demands and more. Breadth of capability and time-to-market are truly industry leading and we look forward to debuting our new digital wallet offering to our clients.”
StyloPay enables financial institutions, issuers and wallet service providers the ability to create their own payment offering. E-wallet, IBAN, card programs, wearables, mobile wallets and card personalisation services are all available from StyloPay’s platform.
Utilising industry-specific APIs, the company aims to build these customised solutions to help focus on a specific market.
The firms clients needed a ‘quick to launch wallet’ that handles both fiat and cryptocurrencies along with other alternative payment methods.
Tribe Payments provides a range of services with its technology including: multiple load options, fiat and crypto currency management and transfers, digital wallet application plus built-in know your customer (KYC) and fraud protection.
Its modular platform delivers ‘containerised micro-services’ that enables additional functionality as required without consequences to other services.
“We want to work with ambitious clients that have new and seeming insurmountable payment challenges that need to be solved on a global basis. This is what we built Tribe for,” said Alex Reddish, CCO, Tribe Payments.
“It has been a privilege working with StyloPay’s team of payment pioneers to create a digital wallet proposition that truly pushes the boundaries of banking.”