Global payment issuer Paymentology has connected to Mastercard’s Cloud Edge platform to enhance its cloud-first strategy in order to deliver next-generation payment solutions.
The new certification aligns with Paymentology’s cloud-first approach, with Mastercard’s Cloud Edge enabling customers to connect to the card giant network from cloud providers and supports multiple hybrid connectivity patterns.
The platform is designed to help fintechs, issuer banks, and other partners to efficiently and securely launch new payment services and solutions.
Merusha Naidu, Global Head of Partnerships at Paymentology, commented: “Paymentology is leading the way in payments innovation, with our next-generation platform and multi-cloud network, making it easy to launch any type of card programme.
“This advancement with our long-standing partner, Mastercard, reinforces our commitment to a cloud-first approach and our positioning as one of the first issuer-processors capable of operating entirely in the cloud. All our clients and partners will benefit from our universal cloud connectivity, providing greater flexibility for our products and services.”
Paymentology becomes the first customer of Mastercard to connect from multiple public cloud providers via Cloud Edge. As a result, Paymentology can better serve its clientele, including fintech, banking, telcos and other sectors.
Furthermore, Cloud Edge supports Paymentology’s expansion of its processing services, providing clients with enhanced reliability and scalability for card programme deployments.
The collaboration seeks to simplify transactions and maintains data security and performance. As a result, service deployment is accelerated, customer adoption delays are minimised, for a more reliable, scalable, and secure platform.
Christian Rau, SVP, Crypto and Fintech Enablement, Mastercard Europe, added: “As more organisations adopt digital payment services, Mastercard and its partners continue to prioritise accessible, secure, and innovative solutions.
“We’re excited to be building upon our existing relationship with Paymentology, as they leverage the benefits of Mastercard’s Cloud Edge to further enhance and streamline their cloud-first, payments issuing platform.”
