Digital payments company Pomelo Pay (Pomelo) announced a partnership with Dialog Axiata PLC (Dialog), Sri Lanka’s premier connectivity provider, to consolidate and provide an enhanced payment platform for Small and Medium Enterprises (SMEs) in Sri Lanka, helping them to digitalise and accept payments.

The partnership is in line with Pomelo’s plans to expand its global presence in Asia and Europe and will consolidate about 80,000 SME merchants across Dialog’s multiple platforms, including ezCash into a common payment platform Genie. These merchants will be able to send and receive payments securely and seamlessly via QR codes and track all their transactions within the same payment interface via their mobile or online.

This programme to empower SMEs underpins Dialog’s ambition to champion financial inclusion for over 1 million businesses in Sri Lanka. SMEs in Sri Lanka are the backbone of the economy and account for more than 75% of the total number of enterprises attributing to 45% employment and 52% of the country’s gross domestic production (GDP)

Sri Lanka is also home to a burgeoning digital economy estimated at USD3.47 billion, or about 4.37% of GDP as of October 2021. Given Sri Lanka’s move to encourage more cashless transactions, the Central Bank of Sri Lanka (CBSL) introduced LANKAQR in October 2020 as a way for merchants, particularly SMEs, to initiate and accept payments using mobile devices. At the end of the third quarter of 2021, 273,044 merchants have adopted LANKAQR for their businesses

Pomelo’s entry into Sri Lanka is timely, where the firm’s enhanced payment platform will integrate with the national LANKAQR standard which will allow Dialog to offer its merchants a low cost and seamless digital payment methods to opt for over traditional Point-of-Sales (POS) terminals which requires them to commit to recurring fees. The country is home to 88,871 POS terminals currently in use at the end of the third quarter of 2021¹.

This shift in payment method will eventually allow merchants to become e-commerce ready, digitalise with ease and offer more payment options, including LANKAQR, to their customers.

Vincent Choi, CEO of Pomelo said:

“SMEs in South and Southeast Asia face massive challenges in digitalising and accepting digital payments, and we believe that Pomelo can aid growth and adoption in these markets. We are honoured to collaborate with Dialog in their mission to champion financial inclusion in Sri Lanka by empowering over one million merchants with solutions to digitalise, as the country works towards a cashless society.”

Commenting on this partnership, Renuka Fernando, Group Chief Digital Services Officer of Dialog Axiata PLC added: 

“We are excited to partner with Pomelo who has expertise in providing seamless and intuitive solutions to merchants globally. As Sri Lanka works towards a cashless society, Dialog is committed to empower and enrich Sri Lankan lives and businesses with accessible, inclusive and convenient digital solutions.”

PayU, the leading online payment service provider operating in 50 emerging markets, announces that it is strengthening its foothold in Africa with expansion into Ghana and a number of strategic product updates: Payflex in South Africa, as well as both Scan to Pay and Pay by USSD in Nigeria.

Across Africa, Buy Now Pay Later (BNPL) services are gaining traction with digitally savvy and unbanked populations looking to leverage the instalment-based payment solution. Launched in 2019, Payflex is considered the first and largest BNPL player in South Africa. During times of economic volatility, the possibility of staggering product payments has never been more attractive to consumers around the world. Payflex is just one addition to PayU’s already wide range of credit offerings including Mobicred, Lulalend and RCS.

Through PayU’s partnership with Payflex, consumers in South Africa now have the ability to pay in four equal and interest-free instalments, creating greater access to funding and autonomy on how consumers pay. 

PayU is also extending its capabilities through Pay by USSD and Scan to Pay in Nigeria. USSD is a popular method of transferring money in the country. USSD allows users without a smartphone or data/internet connection to access mobile banking through a *99# code for fund transfers, checking account balances, generating bank statements, among other uses. While Africa's internet economy will more than double in value over the next three years, certain countries in the region are still lagging behind on affordable data with Nigeria charging an average of $0.88 per gigabyte. PayU’s goal is to build a world without financial borders and this solution is indicative of how PayU is offering cutting-edge technology to promote financial inclusion even in unbanked sectors of society. 

Scan to Pay is a popular method in Nigeria, which allows merchants to display a QR code which supports Visa and MasterPass through local QR codes. This means that businesses and consumers alike can avoid unnecessary third party involvement and fees by allowing their customers to scan a QR code with their banking apps and pay directly from their bank accounts. Unlike many other payment methods, Scan to Pay does not require infrastructure traditionally associated with electronic payments such as payment cards, payment networks, terminals and business accounts. 

By introducing the ability to tap into these innovative and popular payment methods, PayU’s customers are now able to provide a better and more inclusive experience in their online shops with popular and accessible local payment methods. These solutions will help both local and global SMBs by increasing their consumer reach and building customer loyalty through preferred payment methods - this in itself is key in converting sales.

In addition to this, PayU now offers Ghana as a new market for its merchants to expand into, via a single integration through the PayU Hub. Merchants can now offer Ghanaian shoppers the ability to pay by card, and popular local mobile money payment methods such as MTN MoMo, Vodafone Cash, Tigo Pesa and more. 

Karen Nadasen, CEO, PayU South Africa: “At PayU, we pride ourselves on our global reach and local expertise. We are always looking for ways to improve our services and ensure that our merchants have the tools to expand into new markets. We are also dedicated to enabling alternative methods of payment, catering to the preferences and needs of consumers in each market. 

That is why we are excited to announce these developments in Africa. Enabling access to popular local payment methods or even more specific-to-market alternative payment methods such as MTN MoMo, is key for our merchants to flourish in this region.”

Mario Shiliashki, Global CEO of PayU's payments division adds: "At PayU, we strive to provide the best online payment experience for our merchants and consumers across all our markets. Our recent product updates and partnerships in Africa reflect our aim is to serve the needs of our merchants, particularly during these times of economic uncertainty, to help build their businesses, drive growth and further delight online shoppers. We pride ourselves in being able to introduce new product offerings that enable both our partners and the consumers they serve to move closer towards full financial inclusion.”

Digital bank Zopa has entered the BNPL space with a suite of fully regulated products that prioritise transparency and customer protection.
 
Setting its sights on the UK’s £6 billion BNPL market, Zopa brings a simple and fair option for larger purchases (£250 - £30,000) that may take customers months or years to save up for.
 
The new offering combines the technology and innovation that enables instant decisions and fast consumer journeys of a fintech, alongside the consumer protection, credit checks and safeguards of a regulated bank.
 
Zopa bank will:
 
·       Only offer affordable credit by running credit checks and affordability tests for all customers  
·       Share data with credit rating agencies (CRAs) to give other lenders a full picture of people’s debt positions
·       Help customers to better consolidate, structure and pay down their debt using its proprietary tools
·       Enable users to build their credit profiles and improve their financial positions
 
First announced at Money2020 Europe, Zopa bank will roll out its BNPL offering using a staggered approach that carefully and closely aligns with the Treasury’s ongoing consultation in the UK.
 
Zopa’s first product will offer BNPL retail finance for merchants; it will be deployed through B2BC partnerships (www.zopa.com/BNPL). In a second phase, once new regulation comes into place, Zopa will broaden its BNPL toolkit with a consumer offering.

Tim Waterman, Chief Commercial Officer at Zopa said: “Against a backdrop of global financial uncertainty Zopa is entering the buy-now-pay-later space to make instant, yet responsible lending decisions with products that are sustainable and fit for purpose.
 
Zopa is ushering in the era of BNPL 2.0, an evolution of BNPL that is regulated. We combine the seamless customer journeys and best-in-class digital UX offered by traditional BNPL players alongside the ability to underwrite longer, larger loans in a way that fully meets regulatory requirements.”

To date, Zopa raised $500 million from the early investors of Slack, Uber, and Alibaba to build the UK’s best bank for saving and borrowing.
 
Zopa hit profitability in March, just 21 months after acquiring its banking licence. Last year it appointed Monzo’s Graham Robinson as its Chief Risk Officer and Helen Beurier as its first Chief People Officer (ex M&S, PepsiCo).
 
Since getting its banking license Zopa has attracted £1.2 billion in deposits, more than £1.5 billion of loans on its balance sheet, issued 300,000 credit cards became a top 5 credit card issuer in the UK and tripled (3x) revenue per customer.
 
In May Zopa matched the best and boldest benefits of the UK’s largest employers and enabled employees to work from abroad for up to 120 days a year.

Kroll, the leading provider of data, technology and insights related to risk, governance and growth, has found that over a quarter (26%) of UK risk experts expect bribery and corruption risks for their company to increase this year compared to 2021. The findings come as part of Kroll’s newly released 2022 Anti-Bribery and Corruption (ABC) Benchmarking Report, which surveyed 700 risk experts from around the world. Just 8% of UK respondents expected risks to decrease, with the majority (66%) expecting them to remain consistent.

When comparing the UK against the rest of Europe, there are some interesting findings:

• European respondents are more likely to expect that bribery and corruption risks will increase this year (35% vs. 26%)
• UK firms are the most positive globally about ABC: 46% of UK respondents say their programme is “very effective,” compared to 40% globally and 39% in Europe
• Over one in six (17%) European respondents report that serious breaches of compliance are not met with thorough internal investigations, over double the UK figure (8%).

The primary factor driving the increased concern in the UK is the impact of remote working and decentralised management (38%), followed by concerns by one in four firms around disrupted supply chains (23%) and cyber security and data breaches (23%).

Kevin Braine, Managing Director in the Compliance Risk and Diligence practise of Kroll, said: “UK risk officers are more optimistic in their predictions for the year ahead than their European and global counterparts, though it’s clear that some of the legacy impacts of the pandemic, such as supply chain disruption and remote working, are still major sources of concern. These changes will likely be with us for some time yet, so it’s important that businesses find a way to incorporate them into their ABC programmes.”

Regulatory and ESG concerns

Forty-eight per cent of UK respondents stated that they have concerns regarding what might be on the horizon in the next 12 months for the regulatory environment, vs. 56% globally and 46% across Europe. The main areas of concern in the UK have increased enforcement activity, new global regulatory requirements and legislation, and an increased focus on supply chain risk and digital operational resilience.

The survey also shows that ESG remains a source of concern for UK businesses: 50% of UK respondents agree that ESG currently creates more challenges than benefits for the compliance function.

Braine continued: “The start of 2022 has been dominated by clear statements of regulatory intent on ESG and it is clearly a growing compliance challenge. Areas of concern around a lack of transparency or regulation, cost, a lack of standardisation and a limited amount of available data are not insurmountable, but they do need to be addressed. Fortunately, the UK seems to be on a path towards more standardisation and convergence; for many businesses, this can’t come soon enough.”

Blockchain usage

Just 14% of UK respondents say they use blockchain as part of their ABC programme, well below the global average of 24% and the European average of 27%. There does seem to be mixed feelings about the use of the technology though—while one in three (32%) UK respondents say they plan to use it in the future, 40% say they have no plans to do so.

Leading wealthtech platform provider Nucoro has announced that its client HeyTrade, a Spanish-based fintech, has launched a new global
investment platform that simplifies investment in stocks and ETFs across 12
European and US markets. New entrant, HeyTrade, leveraged the Nucoro
platform to create a fully realised platform in just under a year.



The collaboration between the two companies began at the start of 2021,
after HeyTrade completed an extensive market analysis for a development
platform that could provide the key functionality to run a retail digital
trading service. It chose the Nucoro Platform because it offered the
advanced flexibility to deliver an end-to-end digital investment product
that easily integrated with third parties - all in record time.



Ramiro Martínez-Pardo, CEO, HeyTrade said: "When we embarked on this
journey, we knew we were entering a busy market, with strong players already
positioned and new challengers entering almost every quarter. We also knew
that in such an increasingly crowded landscape, we needed to aim for the
shortest time-to-market possible, with a powerful and competitive product
that we could expand over time. Nucoro's cloud-native technology and fast
implementation times were pivotal in us achieving our ambitious launch."



The HeyTrade technical team tested the platform capabilities by launching a
sandbox environment in the Nucoro Developer Portal, allowing them to confirm
that Nucoro was the right fit for the solution they were planning to build.
The platform services client onboarding, account funding and trading,
allowing users to trade more than 1700 stocks and ETFs in 12 different
markets. HeyTrade also uses Nucoro's platform as the main orchestration
layer between the different services, and the main storage backend for
related data.



Lennart Asshoff, CEO, Nucoro said: "We are always thrilled that we can help
launch new entrants to the market, especially when they have commendable
missions like HeyTrade's - to simplify investing for all traders. We look
forward to seeing how the partnership will grow; helping HeyTrade on its
ambitious growth plan to expand to multiple markets and enabling retail
investors to access capital markets."



Nucoro's cloud-native infrastructure not only enabled HeyTrade to leapfrog
its competitors from a standing start but provides HeyTrade with the
foundation to scale its app to 100,000s customers and build out even more
propositions in future.

 

Landlord Fusion has connected with Nordigen's open banking platform to integrate up-to-date bank account information into the all-in-one rental property management software. 

The software simplifies and automates asset management, ensuring ease, reliability and accuracy when managing a portfolio. It is intuitive, easy-to-learn and agile as the cloud-based mobile app allows property owners to stay on top of their assets. 

The management software aids with full accounting capabilities, easily recording all property-related income and expenses, removing the need for other accounting software. It provides automation for key tasks like collecting rent and getting a notification if a payment is missed. The integration with Nordigens’ platform allows for automatic bank feeds and statements to be provided with quick reconciliation. 

Landlord Fusion stores all property information in one place, providing the ability to manage properties by room, keep up to date with utility suppliers and readings, record all tenant information, payment schedules and send notifications so the user never misses an important task.

“Landlord Fusion is a digital solution that allows users to effortlessly manage each property. Users don't have to rummage through their drawers to find documents, circle dates on a calendar, or call accountants to see if the books are balanced. Nordigen helps optimise our services through open banking, allowing each user to be up-to-date with their financial information,” says Atanas Kanchev, founder of Landlord Fusion.

Nordigens’ open banking service allows Landlord Fusion's users to connect to current bank and transaction data. Helping with the ease of access to financial information for the potent all-in-one property management solution.

“We are delighted to see our open banking solution integrated into Landlord Fusion's innovative property management software. The use cases for open banking are growing right in front of our eyes and it is wonderful to see Nordigen as a part of that story,” explains Rolands Mesters, co-founder and CEO of Nordigen.

Temenos today announces that Optimus Cards, the white label card and banking-as-a-service provider, has subscribed to Temenos open platform for composable banking to support the expansion of its cards-as-a-service business. Temenos will help the U.K. headquartered EMI (Electronic-Money Institution) launch new products faster and scale efficiently as it expands into new markets.

Regulated by the FCA and a Principal Member of Mastercard, Optimus acts as a primary card issuer and program manager. The firm serves customers in the fintech and mutual sectors, offering a sophisticated platform that supports Apple Pay, Google Pay, open banking, as well as contactless and virtual cards, IBANs, UK sort-code and accounts, plus 'cardless' cash withdrawal.

As part of Uphold, the global multi-asset digital trading platform with over 10 million users, Optimus has expansive growth plans. It is launching new white-label credit card and multi-asset crypto-enabled debit card services and partnering with local regulated issuers in Europe and the U.S. to expand its footprint and tap new growth opportunities.

The Temenos banking platform will process all transactions and manage customer accounts, and Optimus will also compose a lending solution to support its new credit card service. The platform connects in real-time via APIs to Optimus clients' back-office systems to facilitate instant authorization from the customer's account or crypto wallet.

Lindsay Robertson, CEO, Optimus Cards, commented: “Our strategy is based on innovation, speed and flexibility, providing solutions to mutual institutions like credit unions and building societies, and to innovative fintechs bringing Web 3 services to the market. The economics of our offering enables customers of all sizes to offer card services profitably, and that requires a high-performance technology stack. Optimus chose Temenos for the platform's proven reliability and resilience, and the flexibility to compose solutions for a broader range of Banking-as-a-Service offerings in the future. With a client base that includes more than 3,000 banking clients and 500 credit unions in the U.S., Temenos also has a huge customer ecosystem and experience that will be invaluable as we push into new markets.”

Max Chuard, CEO, Temenos, said: “Banking-as-a-Service is a massive growth opportunity for innovative companies like Optimus Cards, estimated to be worth $3.6 trillion globally by 2030. To be successful with these new business models, you need the right technology and platform for agility, scale and innovation. Choosing Temenos open platform for composable banking will allow Optimus to serve its customers at a lower cost while providing the flexibility and agility to expand its portfolio of embedded financial cards and payment solutions in the future.”

The informal sector accounts for about 18 percent of South Africa’s GDP, with over three million workers engaged in the informal economy. In addition, an estimated 2.9 million migrants reside in South Africa, many of whom struggle to access financial services in order to start small businesses like spaza shops, salons and kiosks. That’s an incredible portion of the population that remains underserved in the financial sector, unable to access or otherwise afford the services needed to grow their businesses.

To better serve this sector, Hello Pay has created a new turn-key suite of business solutions that will enable growth, save costs, and give users peace of mind that financial access is available to them when they need it.

Serving the underserved

Hello Pay’s SoftPOS offering, which was awarded the Most Innovative Solution in 2021 at MTN’s annual Business App of the Year Awards, already allows users to process payments, access daily auto cash-up (reconciliation) and activate and control multiple devices with one account. Now, Hello Pay has launched its Business Solution to enhance its already-compelling SME offering, giving merchants access to loans, business cover, armed response and much more.

“We realised that many of our clients require a solution that will reduce operational costs and provide protection and business growth. With the Hello Pay Business Solution merchants have access to services and benefits they would normally struggle to acquire,” says Zunaid Miya, Managing Director of Hello Pay.

“Hello Pay’s Business Solution is an all-in-one suite of services offering everything merchants and small businesses would normally have to seek from multiple providers. Our solution gives merchants access to these services and benefits, quickly and efficiently. Those who already have access to such services will also benefit from our lower costs and ease of use.”

Suite of services

After signing up on the Hello Pay website, a dedicated agent will contact the user to set up a personal appointment to take them through all the available services and provide training.

The POS device allows them to accept card payments and sell airtime and electricity. With a Hello Paisa bank account, they’ll also get access to the Business Solution. Now, they’ll be able to swipe on the Hello Pay device and receive the funds directly into their Hello bank account. By receiving their funds electronically they are able to transact digitally, thus being able to order online and get their goods delivered to them, rather than having to close their businesses and drive to their suppliers to buy stock. This saves time and money, creates a huge convenience as well as allows them to be trading for a full day.

Other benefits of the Hello Pay Business Solution include:

-Business insurance cover from as little as R60 p/m

-24-hour armed response for just R2 a day

-The ability to pay staff salaries or remit money home using Hello Paisa

-Transaction rates as low as 1,2%

-An online Portal to keep digital records instead of hassling with long slips

“We wanted to even the playing field by offering small merchants and migrants the same opportunities as everyone else. The solution not only offers them a way to go cashless but also to protect and grow their business. Our solution is affordable and convenient for small business owners looking to give their fledgling companies the edge. Hello Pay is proud to play a role in ensuring SMEs reach their full potential with an industry-leading solution that resolves business owners’ most pressing pain points.” says Miya.

CleverTap, the world's No. 1 retention cloud, today announced it has unveiled TesseractDB(TM), the world's first purpose-built database designed to dramatically improve user engagement and retention for digital consumer brands. TesseractDB(TM) brings true technology innovation to growth marketing leaders looking to deliver in-context, timely, personalized messaging and recommendations across all user touchpoints.

TesseractDB(TM) transforms massive amounts of first-party user data in a privacy-friendly, accessible, and affordable way to power real-time user personalization. Leveraging machine learning and Artificial Intelligence (AI), it offers limitless scale and enables digital brands and businesses to harness data and context for every interaction. User engagement and retention start from Day One when a user launches an app for the first time.

Research estimates that nearly 85% of all messaging is considered spam, an average of about 122 billion messages globally. About 36% of spam content is generated from ill-timed, non-personalized marketing messages. This problem continues to be prevalent due to the limited data technologies that are patently unable to store the massive volumes of first-party data required to offer a truly personal customer experience.

"Today, we are excited to unveil TesseractDB(TM), the data technology that powers the CleverTap platform. It will allow global growth marketing teams to achieve true omni-channel customer engagement," said Sunil Thomas, CleverTap Co-founder and Executive Chairman. "In the last 40 years, MarTech vendors have cobbled together generic off-the-shelf data technologies in an effort to solve issues for end-user messaging. These technologies have been limiting, and as a result, brands simply cannot fully unlock their own user data for real and meaningful relationship building. To transition away from the spam and transactional communication that is so prevalent in MarTech today, we must make user data available, affordable, and easily accessible. This is why we invented TesseractDB(TM)."

TesseractDB(TM) is a giant technological leap that removes all data related limitations typically associated with the MarTech industry. Using TesseractDB(TM), digital brands can offer each user a magical onboarding experience and continue to deliver delightful experiences throughout their journey.

TesseractDB(TM) enables CleverTap to offer unmatched technology, features, and capabilities -

- Unlimited data look back periods without any limitations
- High speed, scale, and unmatched throughput
- Rich, granular first-party user data storage
- Built-in real-time machine learning and AI
- Hyper-personalized engagement and recommendations

"Until now, data look back and access limitations, created by overages and cost, prevented brands from unlocking the full potential of first-party user data for engagement. This is a deep tech and science problem. With TesseractDB(TM), CleverTap provides the industry's most versatile segmentation and data processing engine for mobile engagement," says Momchil Kyurkchiev, Chief Strategy Officer, CleverTap. He adds, "TesseractDB(TM) is designed to provide MarTech professionals a cost-effective and efficient way to capture unlimited data streams and deliver actionable insights and analytics to drive personalization and engagement."

Mphasis,  an Information Technology (IT) solutions provider specializing in cloud and cognitive services, deepens commitment to Canada with the inauguration of a delivery centre in Downtown Calgary, Alberta; and is open to welcoming enterprises for technology transformation and employment for deserving talent. The Mphasis business ecosystem, is strongly positioned to reinforce the region’s reputation as a leading hub for digital transformation, AI, quantum computing, and more, and contribute to Canada's growing digital sector by aiding enterprises unlock the path of technology transformation.

Canada is fast becoming one of the world’s leaders in science, research, and technological innovation. According to Calgary Economic Development, Alberta’s spending on digital transformation is set to surpass C$20 billion between 2021-2024, with Calgary companies accounting for C$7.5 billion. Digital transformation spending is set to grow by thirteen per cent on average across all industries in Alberta, with the energy and retail sectors the most rapid adopters.

Mphasis is aligned to the Alberta government's priorities and objectives of economic development by strengthening innovation, boosting exports, and increasing foreign investment in this province by offering next-generation digital technology services to both existing and new Fortune 500 clients.

“The establishment of Mphasis’ new office in Calgary is yet another indicator of Alberta’s rapidly diversifying economy.  Our technology sector is one of the fastest growing in the world as more and more companies, entrepreneurs, and skilled workers discover Alberta’s incredible potential. This new office will build on that momentum and propel Alberta forward in technological research and development. We look forward to seeing Mphasis contribute to an Alberta digital technology workforce that is second to none,” said Honourable Jason Kenney, Premier of Alberta.

“Alberta’s technology and innovation space is taking off and Mphasis is taking it even further with its presence in Calgary. We have the talent and the entrepreneurial spirit here in Alberta to bring forward ideas and businesses that will have global benefit. Alberta’s economy is rapidly diversifying and creating thousands of tech jobs,” said Doug Schweitzer, Minister of Jobs, Economy, and Innovation.

“The past three years, Canadian businesses have made great strides in digitizing their operations, especially in the recent years. While one in three business are digitizing; there is great potential for all enterprises to leverage Mphasis’ global expertise, approach to transformation, backed by next-generation solutions to build momentum and reenergize their growth trajectory. Mphasis’ investment in Canada extends beyond growing our offices; we are thrilled to create an ecosystem for Canada's workforce to upskill in digital technologies and work with Fortune 500 companies globally. Looking forward to welcoming our first set of employees in Calgary and to building great partnerships with Enterprises and Institutions in the region,” said Nitin Rakesh, Chief Executive Officer, and Executive Director, Mphasis.

 

“As Calgary’s reputation for tech and innovation grows, more companies like Mphasis are recognizing the value our city offers including the ability for their employees to build a rewarding career and great life here. It also highlights the importance of continuing to invest in tech scale-up efforts, essential in attracting more growth to our city,” said Calgary Mayor Jyoti Gondek.

“Mphasis’s new Calgary Delivery Centre exemplifies the diversity of Calgary’s future-focused economy when a global IT solutions provider sees this city as the location of choice in North America to work with companies to accelerate digital transformation across all sectors of the economy,” said Brad Parry, President and Chief Executive Officer, Calgary Economic Development.

 

“With the opening of its new facility in Calgary, Mphasis recognizes the abundance of talented and qualified people in our city. The partnership between Mphasis and the University of Calgary is fueled by our shared vision to grow Alberta’s vital digital economy. Together, we are creating a world-class technology hub, and we will strive to leverage this incredible opportunity to accelerate emerging sectors – including AI, cloud services, and quantum computing – for the benefit of all Albertans,” said Dr. Ed McCauley, President and Vice-chancellor, University of Calgary.

Mphasis brings scale and specialization to the Canadian market beyond the Calgary Delivery Centre by investing in clients and talent across the country. Last year, Mphasis formed strategic partnerships with the Government of Alberta, the University of Calgary, and the City of Calgary to accelerate talent development and development of a quantum computing ecosystem in Calgary, driving R&D and job creation in the technology sector. Mphasis is also developing additional unique Canadian partnerships in Alberta and across the country to capture emerging growth opportunities.

“Digitization is a major driver of Canada’s economic growth, with Calgary emerging as a leading light in the country’s innovation ecosystem,” said Rohit Jayachandran, Senior Vice President, and Head Strategic Accounts, Mphasis.

“We are seeing heightened demand for next-generation technology transformation services, with huge scope for Mphasis to expand its footprint in Canada. The launch of our new centre marks an important milestone and will enable us to leverage the significant pool of top talent in the local market to further enhance our offering for our Canada-based clients,” he added.

“Alberta’s tech sector is growing by the minute with new, innovative, and exciting investments. As Alberta continues to be a leader in tech, organizations globally are noticing the talent pool and business-friendly environment the province has to offer. As we invest in growing our talent, Alberta will continue to position itself as a clear destination of choice for investors around the world,” said Rick Christiaanse, CEO, Invest Alberta.

Mphasis has opened applications for a range of digital skillsets in the field of application development, including testing and DevOps professionals, scrum masters, and IT infrastructure support personnel across leading tech stacks, as well as project managers and other key project delivery management roles.