Ayodeji Ayenuwa
Payment24 has introduced Cloud Switch, a revolutionary cloud-based payment solution designed to transform transaction switching systems for acquiring banks, fuel retailers, and merchants.
Hosted on Microsoft Azure, this hardware-less payment switch simplifies operations, offering a practical and versatile solution for businesses seeking to upgrade their payment infrastructure.
Cloud Switch supports diverse payment methods and seamlessly integrates with various POS systems, emphasizing simplicity and efficiency. Additionally, It operates on any PC or POS Terminal.
Shadab Rahil, Joint CEO at Payment24, highlights the transformative impact of the platform, stating, “Cloud Switch embodies our dedication to transforming the payment ecosystem. This solution empowers acquiring banks and fuel retailers to easily manage complex payments, harnessing the cloud’s power for unmatched scalability and reliability.“
- ATTENTION: Techrectory gives ₦5,000 monthly to our top readers, CLICK HERE to become a winner.
Acquiring banks stand to benefit significantly from Cloud Switch, enabling the expansion of digital payment services and offering a comprehensive application engine supporting various payment methods.
Fuel retailers, on the other hand, can expect advantages such as multi-bank acquiring, compatibility with popular forecourt controllers, and access to value-added services like loyalty and rewards.
Nolan Daniel, Joint CEO at Payment24, underscores the company’s commitment to innovation, stating, “With an established history of industry-leading innovation, Payment24 continues to redefine payment solutions, and Cloud Switch embodies this ethos of transformation and progress.”
Cloud Switch’s global perspective with localization capabilities is a noteworthy aspect, addressing the specific needs of different regions.
The platform adopts a one-stop-shop approach, eliminating the need for additional hardware and providing businesses with a comprehensive platform for managing multiple payment types.
The launch of Cloud Switch signifies Payment24’s dedication to setting new standards in the payment industry, simplifying processes, and ensuring businesses stay ahead in an ever-evolving digital landscape.
With an optional real-time TMS monitoring feature, the platform offers businesses in-depth insights for informed decision-making, marking a significant stride in financial technology.
More about Cloud Switch, Click Here
Techrectory with Agency Report.
