Paymentology has announced it is the first issuer processor in Europe to secure Visa Cloud Connect (VCC) certification from the global payments provider.
Paymentology’s platform will securely connect to VisaNet via cloud-based infrastructure, offering a full suite of Visa products, eliminating data centre costs, streamlining transactions, and ensuring data security and high performance.
This will enhance security, accelerate service rollout, reduce delays in customer adoption, and ultimately deliver a more reliable, scalable, and secure platform.
Merusha Naidu, Global Head of Partnerships at Paymentology, commented: “We have a long-standing relationship with Visa, and we are delighted to fortify our cloud-first strategy by achieving Visa Cloud Connect certification.
“As the first issuer processor in Europe to have our infrastructure purely in the cloud, this move not only exemplifies our commitment to innovation but also establishes our platform as the epitome of flexibility, scalability, and security for our clients.
“Europe marks the first step in our global rollout plan. We are poised to connect all regions to VCC in record time. We look forward to continuing our collaboration with Visa, unlocking payments together on a global scale by providing more reliable solutions for fintechs to get to market quickly.”
Paymentology provides a “next-generation payments platform” and multi-cloud network to process any type of cards as a preferred issuer processor of Visa. Aligned to its cloud-first strategy and now a VCC certified company, this enables Paymentology to better serve its fintech, banking and telco clients by connecting to the global VCC network.
As part of Paymentology’s cloud-first initiative, it will have VCC end point active zones across Europe to ensure ultimate uptime for its clients while more markets will be deployed as part of the ambitious collaborative roadmap.
Joe Samuel, Vice President, Head of Issuer Enablers, Europe at Visa, added: “Expanding access to financial tools and services is core to Visa’s purpose – uplifting everyone everywhere.
“Partners that connect to our global Visa Cloud Connect network unlock a wealth of product solutions for their clients and so we’re excited to continue our longstanding partnership with Paymentology.”
Going forward, the collaboration between Visa and Paymentology intends to replicate its cloud-first commitment to unlocking payments on a global scale, targeting Paymentology’s markets across APAC, LatAm, Africa, and MENA.