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Netcetera and Covalent partner to expand online payments in the Middle East and Africa

Tuesday 29 March 2022 15:09 CET | News

Switzerland-based software company Netcetera has announced partnering with the Pakistan-based payment service provider Covalent to expand online payments in the Middle East and Africa. 

With the joint offer in the form of a software-as-a-service model, financial institutions can offer their customers authentication for ecommerce transactions. Netcetera is a software company with IT products and digital solutions in the areas of secure digital payment, financial technologies, media, transport, healthcare, and insurance. Covalent is a joint venture between Access Group and TPS that offers a cloud-based payment platform tailored to banks, e-money institutions, and non-bank financial institutions.

With Netcetera's 3DS solutions, the Covalent platform can offer two-factor authentication that verifies the identity of the user. This enables online payments and helps prevent card fraud. According to a Netcetera representative, the company aims to offer secure online payments with Covalent and expand their reach in Pakistan.


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Keywords: partnership, online payments, online security, payment processing
Categories: Payments & Commerce
Companies:
Countries: Middle East
This article is part of category

Payments & Commerce