Volante Technologies has partnered with software solution provider eVision, to allow for more efficient payment solutions through its VolPay Suite across the Egyptian and North African banking and finance markets.
Volante will use eVision on its VolPay Suite, which is designed to accelerate all aspects of payments transformation projects, including the cost of change in local and international financial message standards.
eVision selected Volante in a bid to address its clients’ needs in the payments market, as eVision provides clients help with payments, financial transaction dispute management, anti-money laundering and SWIFT message archiving and workflow.
Volante suggested that, although many banks in Egypt still rely on legacy systems for their payment and remittance processes, there is a growing acceptance in the region of the need to implement flexible payment platforms and to collaborate with fintech providers, to compete with international banks.
Mick Fennell, vice president of Volante Technologies in the Middle East and Africa, said: “We are delighted to partner with eVision to extend the reach of Volante’s payment solutions to the Egyptian and wider North African market.”
“Market participants no longer want to depend on external specialist consultancies—they need tools to create more agile, efficient systems meeting the needs of a changing and dynamic payments landscape.”
Amr Soliman, founder and CEO of eVision, said: “Our markets are opening up, and banks need to invest now for the future to compete against local and foreign financial institutions and disruptors for real time execution, open banking standards, and next generation market initiatives. We are excited about what VolPay is able to offer them.”
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