Paymentology, a global issuer-processor, announced that it has secured certification with Mastercard’s Cloud Edge, furthering its strategy to offer cloud-based payment solutions.
This certification aligns with Paymentology‘s approach to utilising cloud technology.
Mastercard’s Cloud Edge allows connections to Mastercard from various cloud providers and supports multiple connectivity options.
According to Paymentology, this technology enables fintechs, issuer banks, and other partners to launch new payment services more efficiently and securely.
Paymentology reported that it is the first customer to connect simultaneously from multiple public cloud providers through Mastercard’s Cloud Edge.
This connection is said to provide increased flexibility, allowing Paymentology to better serve a range of clients in the fintech, banking, and telecommunications sectors by offering access to Mastercard’s products and services through a single connection.
The announcement comes as global expansion challenges fintechs, banks, and telcos, which often face delays due to hardware requirements and regional compliance.
Paymentology stated that Mastercard’s Cloud Edge supports its processing services by enhancing reliability and scalability for card program deployments, simplifying transactions, and ensuring data security and performance.
This collaboration is expected to accelerate service deployment, minimise delays in customer adoption, and provide a secure and scalable platform.
Merusha Naidu, Global Head of Partnerships at Paymentology, said,
“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.”
Christian Rau, SVP, Crypto and Fintech Enablement, Mastercard Europe said,
“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.”
Featured image credit: Edited from Freepik
