B2B software as a service (SaaS) solution provider FOO and issuer side payment processing solution provider Paymentology have entered into a partnership. FOO and Paymentology will be able to deliver their customers with Digital First Virtual Cards by combining their technologies.
The customer experience can be enhanced using the Digital First Virtual Card platform by delivering enhanced digital offerings to businesses across the industry. Instant easy-to-use virtual cards that are used for online transactions or app payments are offered by the platform. Businesses can adapt to the market and fulfill customer requirements by delivering a seamless shopping experience through this partnership that enables easy onboarding, instant digital card insurance, real-time card management, and secure online and in-store payments.
“By partnering with Paymentology, we are able to take a significant step towards global expansion, and branch further outside of the Middle East and into more diverse markets such as Africa. At FOO, we envision a world where businesses can deliver a seamless digital journey for their customers. Together with Paymentology, we are ready to make this possible,” stated Ghady Rayess, Managing Partner at FOO.
FOO provides behind-the-platform financial technology and specializes in delivering highly customized products that are designed in-house using their modular platform enabling digital transformation. The card issuance procedure is handled by Paymentology using its unique cloud-based platform and AI-enhanced technology. The collaboration enables to provide a complete turnkey solution to launch virtual card issuing services across all sectors, with the added benefit of doing so with a very short time to market.
“We believe in making things easy, making them happen, and making them right. So, accessibility to spending and receiving money for anyone, anywhere, has always been a key focus for us. We have on-the-ground teams with regional expertise in 49 countries across Africa, Asia, Middle East, Latin America, and Europe. This is an excellent fit with FOO’s ambitions of enabling payments in diverse markets. With the power of technology and data, we’re creating customer-focused ecosystems with ‘plug and play’ solutions – for any region – with cards that can be used worldwide. We look forward to being part of the genuine positive impact this partnership unlocks,” said Rowan Brewer, CEO at Paymentology.