Share this post
BPC announces its expansion into the Americas to support the payments and processing needs of traditional financial institutions, payments processors, and fintech firms. The company is launching its full suite of SaaS cloud services on Oracle Cloud Infrastructure (OCI) from Ashburn, Virginia, creating a center of excellence to serve clients across North America, Latin America, and the Caribbean.
The rollout is a response to the growing trend among market industry players for a full-fledged outsourced service that can remove the burden of handling card and payment activities. SmartVista by BPC addresses this challenge and more. As a comprehensive, state-of-the-art suite of closely integrated software applications, SmartVista is designed to cater for the needs of organizations involved in processing electronic payments based on both plastic cards and virtual personal payment tools. From its US base, the technology will perform a number of functions for BPC’s regional clients, including card processing services such as international card issuing (debit, credit, prepaid, virtual, Mastercard, Visa, Unionpay, Diners, Amex and more), acquiring services, e-Commerce and payment gateway, fraud Management, switching and front-end services and API gateway support.
Jane Loginova, Chief Strategy Officer for BPC, said: “We are extremely excited to be expanding into the American continent. BPC benefits from a unique position to enable payments in context. The company gained strong expertise from years of serving a truly diverse and global set of clients while it continuously invests into its product stack with next-generation API first and highly customizable payment services, critical for financial institutions to scale easily and efficiently. This mindset helps deliver the widest range of payment services new economy players expect and ensures that the region is well served.”
SaaS payment adoption has become a popular trend in payments around the world for a number of key factors, such as greater flexibility in accessing banking services, as well as cost savings and security. Banks are tapping into the expertise of payment processors such as BPC to focus on client relationships, while neo-banks and fintechs are rolling out new offerings to market faster than ever, using ready-to-connect payment rails across various geographies and jurisdictions.
Commenting on the expansion, Santiago Egas, SVP Americas, said: “We have been present serving over 20 financial institutions in 14 countries across the American continent and the Caribbean. The time is right to expand this region and we have so much to offer to the financial services community. We are bringing all the global value and expertise we have gained from 25 years of experience to an exciting and important client base. Thanks to our expanding team on the ground, we can also work closely with these core market players to respond quickly to their needs and to ensure they can compete effectively in a growing, highly digitalised, global economy.”
BPC has been active on a global scale since 1996, serving banks, neobanks, rural banks, and transport operators contributing to enhancing services, and better financial inclusion using next-generation technology. The company has been building a strong reputation for understanding and mastering local banking and payment context and behavior, which is important in any market where financial institutions are vying to win and retain a loyal customer base.
Michael Kogeler, VP EMEA, High Potential Industries, Oracle, adds that “Payments are at the heart of mission-critical banking processes. BPC uses Oracle Cloud Infrastructure to offer scale for customers and to enable unique data processing, data transfer capabilities, and flexible resource provisioning to optimize costs and time to market. BPC’s work with Oracle has opened up access to a vast and expanding number of global data centers that meet the financial industry’s highest resilience standards, and top-tier security, addressing customers’ imperatives around the safety and privacy of their data. “