Paymentology, the worldwide card issuing and fee processing platform, entered right into a landmark partnership with Australian Banking-as-a-Service (BaaS) supplier Constantinople. The collaboration marks Paymentology’s official entry into the Australian market and is aimed toward advancing digital funds innovation throughout the Asia-Pacific area.
The announcement was made in the course of the Singapore FinTech Competition. Constantinople will leverage Paymentology’s superior international funds platform to ship a seamless end-to-end fee expertise, together with card issuing, processing, and digital pockets integration, for its rising community of monetary establishment purchasers.
Powering the ‘AWS for banks’
Based in Sydney, Constantinople is redefining BaaS in Australia by offering a contemporary software program and operations platform that bundles front-end digital banking infrastructure with back-office processes like onboarding, compliance, fraud monitoring, and threat administration.
By positioning itself as “the AWS or Shopify for banks,” the corporate permits fintechs, regional banks, and different monetary establishments to outsource advanced banking operations and concentrate on their buyer expertise.
By way of this partnership, Paymentology will energy Constantinople’s card issuance and transaction processing throughout each Mastercard and Visa schemes. The collaboration additionally incorporates Constantinople’s core banking integration via 10x, in addition to tokenisation for Apple Pay and Google Pay, supported by devoted Financial institution Identification Numbers (BINs) for customisable card programmes.
Constantinople presently helps a number of main Australian monetary establishments, together with Nice Southern Financial institution, the nation’s largest customer-owned financial institution with over 400,000 members, and Tyro, a funds supplier targeted on innovation for small companies.
A strategic partnership for international scale
The partnership offers Constantinople with entry to Paymentology’s multi-cloud, multi-tenant structure, which delivers enhanced scalability, international resilience, and real-time information. This may allow Constantinople and its purchasers to problem playing cards quicker, achieve richer insights, and construct a extra clever platform for development.
The transfer additionally signifies Paymentology’s formal enlargement into the Australian market, a area the place card adoption is projected to develop at double-digit charges over the subsequent 5 years, pushed by digital-first customers and the rise of cellular and contactless funds. For Constantinople, the partnership offers a worldwide funds associate able to supporting its personal worldwide enlargement ambitions.
Di Challenor, co-founder of Constantinople, mentioned: “Constantinople’s mission is to provide smaller banks and revolutionary fintechs entry to the identical modern expertise as huge international banks. We do that by partnering with leaders of their area; partnering with Paymentology will enable us to launch new card programmes at tempo, with the flexibleness to tailor each aspect to our purchasers’ distinctive wants. Paymentology’s international attain ensures we are able to scale effortlessly past Australia.”
Jeff Parker, chief government officer of Paymentology, added: “Our partnership with Constantinople marks an thrilling new chapter as we develop into Australia’s vibrant fintech and banking ecosystem. Past a expertise associate, Paymentology is about considering forward, co-creating the long run, and making certain the expansion and success of our purchasers. Working with Constantinople is especially rewarding; their extremely skilled management crew brings a transparent imaginative and prescient for contemporary, automated banking that completely aligns with our mission to empower next-generation monetary establishments with the world’s most superior fee platform.”
