Paymentology Partners with Sokin to Expand its Cloud-Based Payment Solutions

  • Payments , Cloud
  • 24.09.2020 03:04 pm

Cloud-native payment processor Paymentology has partnered with Sokin, the new generation payments firm, to enhance and extend the services offered by the Sokin-card to its client base.

Sokin, a leading financial services provider, enables consumers and businesses to make fast, low cost unlimited global payments and transfers for one low monthly fee, using both wallet and card-based solutions.

Integrating the Paymentology platform into Sokin introduces cutting edge technology for fraud management and capture of real time data, paving a way for adaptive learning and in-depth analytics. Furthermore, as a torch bearer of digitization, Paymentology aims to set a new benchmark for speed to market, for payment products.

The technology embedded in Paymentology will allow Sokin to benefit from next generation API-driven cloud-based solutions opening the way to quickly and efficiently innovate new products.

Vroon Modgill, CEO at Sokin, commented: “The knowledge and experience of the team, together with the quality of the platform, made Paymentology the obvious choice for us. The functionality that we have been able to leverage through app-based integrations has meant that we have been able to launch in a significantly shorter timeframe than otherwise would have been possible. That same functionality also puts us in a strong position for launching product enhancements and extensions.”

CEO of Paymentology, Shane O’Hara welcomed the partnership: “Sokin has a global remittance reach into over 200 countries, with the ability to transact in 35 currencies. Our partnership with them gives us the opportunity to introduce the Paymentology brand to new jurisdictions, which is a key ambition of the business. We look forward to working with the Sokin team in bringing both them, and their clients, the market leading capabilities available through our platform.”

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