Payment24 launches new cloud service for enhanced cash flow management


Payments platform Payment24 has announced the launch of its cloud-based solution to help businesses improve time-to-market speeds after upgrading transaction infrastructure. 

Payment24 Cloud Switch will aim to provide acquiring banks, merchants and clients with the means necessary for a hardware-less switch to payments that include cloud technology, expanded POS functionality and additional value-added services.  

Shadab Rahil, Co-CEO at Payment24, commented: “Cloud Switch embodies our dedication to transforming the payment ecosystem. This solution empowers acquiring banks and fuel retailers to easily manage complex payments, harnessing the cloud’s power for unmatched scalability and reliability.

“Ultimately Cloud Switch was developed to cater to a global market but developed with the localisation capabilities required to adapt it to every region it is deployed in. We believe it marks a significant stride in financial technology, bringing versatile payment methods, seamless transaction flows, and vital real-time monitoring capabilities into our clients’ hands. Our goal is to simplify, streamline, and secure the payment processes, and Cloud Switch is a testament to that mission.”

Besides the shortened time-to-market speeds that its cloud solution provides, Payment24 can also supply its customers with POS Terminals, TMS and Field Service Support components. 

Meanwhile, the new solution’s cloud-based infrastructure will be hosted on Microsoft Azure with included multi-faced payment methods and transaction monitoring. 

Nolan Daniel, Co-CEO of Payment 24, added: “With an established history of industry-leading innovation, Payment24 continues to redefine payment solutions. Cloud Switch embodies this ethos of transformation and progress.

“We understand the intricacies of the payment landscape and strive to make it more efficient, seamless, and user-friendly for businesses. Our comprehensive Cloud Switch solution goes beyond merely processing payments; it’s a powerful tool that empowers businesses to stay ahead of the curve, increase profitability, and deliver an unmatched customer experience. 

“As we move into the future, we believe we are setting new standards in the payment industry with the launch of Cloud Switch.”