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StyloPay selects Tribe Payments for global digital wallet offering

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StyloPay is the latest payment platform to integrate Tribe Payments’ digital wallet technology that holds, manages and transfers both fiat and crypto funds

London, 21st November 2019StyloPay, specialists in payment solutions and mobile applications, has selected Tribe Payments’ digital wallet technology. Tribe’s digital wallet technology will form part of StyloPay’s cloud-based payments-as-a-service offering that enables banks and card issuers to rapidly scale card programmes and mobile wallets globally.

StyloPay empowers financial institutions, issuers and wallet service providers to setup their own payment offering at low cost and risk. E-wallet, IBAN, card programs, wearables, mobile wallets and card personalisation services are all available from StyloPay’s platform. Unlike most payment providers in the market, StyloPay builds customised solutions for specific vertical markets such as hospitality, retail and educational sectors delivered via industry-specific APIs.

The global breadth and vertical depth of StyloPay’s offering, with the need to customise services to specific markets, made finding a digital wallet product that met its needs problematic. In particular, StyloPay’s clients are demanding a quick to launch wallet that can handle both fiat and crypto currencies as well as an array of alternative payment methods.

Built by payment experts with vast experience working with leading fintechs globally, Tribe’s digital wallet technology gives card and wallet holders unrivalled control over their spending along with an outstanding user experience. Holders can add as many cards as they like, transfer funds between them and set real time exchange rates, along with viewing account and transaction details. The product provides:

  • Multiple load options
  • Fiat and crypto currency management and transfers
  • Built-in customer communication capabilities
  • Digital wallet application
  • Connection to any processor
  • KYC and fraud protection built-in

Critically, the digital wallet can be launched in weeks, not months, with the ability to quickly and simply add additional functionality as required. This is enabled by Tribe’s modular platform which delivers containerized micro-services. This stops the ‘Jenga-effect’ – where one change can have unwelcomed consequences across other services, even leading to catastrophic failures. Tribe’s platform ensures all programming code is isolated, minimising risk whether your adding a new service or just tweaking functionality.

“Our clients are demanding, which means we need to be demanding of the technology that we use. Services need to work globally and to international standards but be tailored to the specific needs of industry sectors,” said Avishek Singh, CEO of StyloPay. “Tribe was able to meet these demands and more. Breadth of capability and time-to-market are truly industry leading and we look forward to debuting our new digital wallet offering to our clients.”

“We want to work with ambitious clients that have new and seeming insurmountable payment challenges that need to be solved on a global basis. This is what we built Tribe for,” said Alex Reddish, Chief Commercial Officer of Tribe Payments. “It has been a privilege working with StyloPay’s team of payment pioneers to create a digital wallet proposition that truly pushes the boundaries of banking.”

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About Tribe Payments
We are a tribe of industry experts delivering the future of payments. Unlike most vendors, Tribe provides all aspects of payments using a modular platform to businesses – predominantly acquirers and issuers - that serve merchants and consumers across the globe. Tribe is the only provider to fully break the ‘legacy-cycle’, using disposable technology to ensure zero-obsolescence and containerisation to minimise risk.

As Europe's only issuer processor working with Mastercard, Visa and UnionPay International, we offer unrivalled market connectivity. We build to global scale, securely - we are PCI Level 1 compliant and supported by our own private cloud.

Our mission is to deliver payment technology that no longer compromises between scale and speed.

To find out more visit: https://tribepayments.com/

About Stylopay Limited.
StyloPay, headquartered in London, UK is led by experts in payment solutions and mobile applications. They are one of the emerging innovators in contactless payments, offer Platform-as-a-service for payment solutions and simplifies domestic and international payments. International Issuers onboarded on the platform are available to businesses, enabling issuance from most countries, including SEPA, North and Latin America, Asia and the Middle East. Stylopay platform empowers card distributors to choose from pre-approved GPR, Travel and Payroll Prepaid card programs and quickly setup and run payment solutions at a low cost. eWallet, IBAN, Plastic, metal and virtual cards and wearable are available to the end-users, coupled with a web dashboard and a mobile app to manage the card. NFC mWallets will be added soon.

These programs are available on a white label platform. Program distributors can offer these programs to their customers with their brand/logo. For distributors, Stylopay is a one-stop-shop for their card issuance, AML/ KYC compliance, card printing, transactions processing, customer service and card portal and mobile app hosting requirements.

Discover more about the Stylopay payment platform at: https://www.Stylopay.com/

CCgroup for Tribe Payments
Medha Pal
T: +44 20 3824 9207
E: tribe@ccgrouppr.com