The two parties will join force to support the UAE's vision to further digitize the payment industry. Vaulsys is deploying its systems across two different continents in 3 locations across Pakistan, Africa and UAE. Through these 3 locations, Vaulsys intends to serve UnionPay cardholders across the Middle East and Africa regions. Vaulsys plans to carry out business in UnionPay card issuance, card acceptance, cross border remittance, QR payment (issuance and acquiring) and online payments via UPOP.
Vaulsys is known in the banking and payment industry for its products and solutions namely aulPay – POS/ATM/Web switch, VaulCard – Card Management System, VaulPurse – a Wallet Management System, VaulGuard – AML/Fraud Management System, VaulPi – Microservices basd API system, and VaulGate – API Gateway.
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