Payment tech firm, Tribe Payments, has announced it has been chosen by VIALET, an alternative financial solutions provider, to provide both issuer and acquirer processing services.
The link comes as a key part of the group’s growth plans to form a payment infrastructure based on its own principal membership of the major payment schemes. VIALET are already live with Tribe for acquirer processing and 3DSecure.
“Initially, we needed a ready-to-use solution for acquiring VISA and Mastercard payments that would come at a reasonable cost,” emphasised Artjoms Grivkovs, CEO of VIALET. “But ultimately we chose Tribe because we know we will get a supportive partner who can help us to achieve and even surpass our growth and diversification plans for this year and beyond.”
The links will also use Tribe’s end-to-end payments platform to launch several issuing products, including both digital and physical credit and business cards with GooglePay and ApplePay wallet options.
“We’re proud to showcase the capabilities and innovation possibilities that Tribe can offer,” added Alex Reddish, Chief Commercial Officer at Tribe Payments. “By working with a technology partner that can deliver both issuer and acquirer services, VIALET has a wealth of functionality, data and customisation options at their fingertips. We’re very proud to support this progressive, forward-thinking business as they introduce further innovation across Europe.”
