Volante Technologies, MDSL to modernise payments in Egypt

Tuesday 12 October 2021 11:38 CET | News

Cloud payments and financial messaging provider Volante Technologies has partnered with MDSL, a specialist in the integration of turnkey banking solutions in the Middle East, to automate banking payments in Egypt.

The partnership has already seen its first success, having signed a contract with a major Egyptian bank. Volante will provide payments solutions and related onboarding and set-up services while MDSL, an ITG company, will help with the integration and provide local support services.

With a payments market size of over USD 5 billion and an increasingly digitally adept population, Egypt-based banks have a significant opportunity to grow their payments portfolios. However, many are still held back by legacy systems which limit their ability to provide the real-time and information-rich experiences that consumers and corporations have become accustomed to from tech giants like Facebook, Amazon, and Google.

Modern payments platforms based on microservices technology allow banks and financial institutions to break free from legacy software limitations and soar beyond competitors by offering real-time 24/7 customer-centric solutions – benefitting a wide variety of customers as many more domestic and cross-border payment services can be brought to market faster.

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Keywords: Volante Technologies, banks, online payments
Categories: Banking & Fintech
Countries: Egypt
This article is part of category

Banking & Fintech