NEC Payments today announced that it has entered into a long-term marketing and distribution partnership with technology company Apiso to promote the growth of the virtual payments solution it operates on the Mastercard global payment network. The partnership will be launched at the Arabian Travel Market event in Dubai from 28th April to 1st May 2019.
Apiso is a technology company that provides industry-leading open-API and web-based integration and distribution services with international customers and multiple channel partners including global distribution systems, travel technology companies, and third-party administrators in the insurance sector.
The partnership between NEC Payments and Apiso, supported by Mastercard’s technology, will facilitate access by Apiso’s channel partners and direct customers to NEC Payments integrated Mastercard issuing and transaction processing technologies. It will enable NEC Payments to significantly scale its operations across the Europe, Middle East and Africa region, and will provide Apiso with access to NEC Payments’ unique product offering in the Middle East.
Andrew Sims, CEO, NEC Payments said “Working with Apiso is significant step in the company’s international growth plan that will enable the company to broaden its reach and further develop its ecosystem of partners across Europe, Middle East and Africa”.
Michael Yadgar, Director of Special Projects, Apiso said “The addition of this valuable partnership will enable us to more effectively serve our customers by running on the best-in-class technology and issuing rails provided by NEC Payments – both via its own Mastercard issuing capability and the other back-end banking partners it will enable us to access”.
J.K Khalil, General Manager, Saudi & Bahrain, Mastercard said: “This collaboration will enable fintechs in the region to further advance the digital payments ecosystem, support businesses to access cutting-edge technologies, and drive business processes and cost efficiencies ”
About NEC Payments
NEC Payments, www.necpayments.com, is a Payments Technology company formed in the Kingdom of Bahrain in December 2014. The company is licensed and regulated by Central Bank of Bahrain as a Card Processor and Payment Services Provider, and complies with international quality and security standards including the Payment Card Industry Data Security Standard (PCI-DSS), ISO9001 Quality Management System, and ISO27001 Information Security Management System.
The company has developed and operates a suite of innovative and disruptive digital banking and payment processing technologies. It supports the transformation of business and consumer financial services, displaces cash usage, and helps to promote financial inclusion by replacing legacy banking platforms with flexible and scalable born-in-the-cloud technologies that enable digital alternatives to traditional bank accounts and facilitate open-banking initiatives.
For further information about NEC Payments please contact:
Duaa Ammar, Digital Marketing Manager
www.apiso.io, Apiso’s Advance Payment Integration solutions are setting new standards in multi-currency multi-channel B2B virtual card (VCN) payments.
The company’s advanced technologies enable customers and distribution partners to access multi-currency B2B VCN payments services across multiple channels including API, web, and integration with Global Distribution Systems (GDS) and other travel technology companies.
The combination of its services and unique consultative approach enables its customers to optimize outbound payments in order to drive new revenues, decrease costs and FX, and increase profitability.
For further information about Apiso please contact:
Michael Yadgar, Director of Special Projects
Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
Mastercard Communications Contact
Name: Omar Abuhanoud