Payments processor RS2 Software plc has announced a partnership with Alpha Payments Cloud, a global leader in providing access to payment, risk and commerce solutions to international banks and merchants.
The partnership provides banks in Thailand with access to multiple financial and non-financial services through a single integration. This helps them to cut the costs and complexity of back-office integration, and increase functionality and customisation.
Thailand’s e-commerce market is on track to be one of Asia’s top performers with double-digit growth expected over the next five years. However a robust infrastructure, allowing banks to quickly, easily and cost-effectively provide services across the entire transaction lifecycle lies at the heart of this growth. “The partnership between RS2 and Alpha Payments Cloud provides Thai banks and payment service providers with a one-stop-shop omni-channel solution,” said Radi Abd El Haj – CEO, RS2.
“RS2 is unusual in offering global, multi-currency acquiring across all regions via a single platform. The AlphaHub from Alpha Payments Cloud also cuts complexity and speeds up access to payment, risk and commerce functionality. The combination of our agile and functionally-rich propositions enables banks to offer highly bespoke solutions relevant to their domestic markets. This is critical in Asia due to the variety of local requirements and customisations,” continues Oliver Rajic – CEO, Alpha Payments Cloud
The services available as part of this one-stop-shop include global acquiring, transaction routing and switching, AML, KYC, fraud prevention and loyalty, among others. It draws on the BankWORKS® processing software from RS2, which enables merchants to accept a wide range of international, domestic and alternative payment types in more than 100 currencies.
“Alpha Payments Cloud is all about helping companies access innovation. We believe in eliminating integration friction and standardising data to simplify access via our enterprise app platform. We are delighted to be partnering with a proven global technology provider so aligned with our vision. We look forward to delivering solutions together that help our customers differentiate themselves for real competitive advantage,” said Oliver Rajic – CEO, Alpha Payments Cloud.
First appeared at Finextra