Monese’s XYB selects Paymentology to Power its Coreless Banking Platform

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: Paymentology, the leading global issuer-processor, today announces its strategic global partnership with Monese’s XYB, end-to-end ‘coreless’ banking platform provider, launched in May 2023, and poised to shake up the banking industry.

The platform enables banks and non-banks to break down the barriers to building and providing financial services in record time, addressing a market gap in the core banking space of high dependence on costly yet incomplete traditional core banking.

The platform is built on an extensive ecosystem of partners, including banks, non-banks, service and technology providers, like Paymentology. As a result of the support from this collaborative network, XYB extends its capabilities beyond conventional technology infrastructure, offering a dynamic and interconnected platform.

With this strategic partnership with Paymentology can now extend it’s clients an end to end banking platform beyond card processing and XYB can now provide banks, non-banks, and fintechs with a seamless card processing experience in over 60 countries. This collaboration enables faster transaction processing, best-in-class fraud monitoring, and virtual cards linked to any major scheme, including Visa.

Furthermore, Paymentology delivers a real-time data feed that offers detailed insights into customer spending patterns, enabling coreless banking customers of XYB to continually tailor their offerings for end-users.

Atul Choudrie, CEO at XYB commented on the announcement: “We’re delighted to welcome Paymentology to XYB’s coreless banking ecosystem as an issuer processing partner. Together we can empower financial institutions to seize new opportunities and provide personalised financial services that cater to a wide range of customer needs. This transformative approach revolutionises the delivery of financial services, fostering innovation and reshaping the future of banking for both traditional and non-traditional players.”

Abe Smith, Co-CEO at Paymentology commented: “XYB aims to address the £700 billion global banking technology and embedded finance market. However, as is the collaborative nature of the fintech industry, they can’t tackle it alone. That’s why we’re excited to provide our next-generation card processing services to XYB and its customers. With our support, they can make their coreless banking vision a reality and open up a whole new world of possibilities for growth in the financial services industry.”

Marie-Elise Droga, SVP and Head of Global Fintech Partnerships at Visa commented: “Expanding access to financial tools and services is core to Visa’s purpose – uplifting everyone everywhere – and we’re excited to work with Paymentology to support our shared customers like Monese.”


To find out more about Paymentology, head to:

To find out more about XYB, head to:


About Paymentology: 


Paymentology is the leading next-gen global issuer-processor. It gives banks, fintechs and telcos the technology, team, and experience to easily issue and process any type of physical or virtual card; debit, prepaid, credit, BNPL, revolving and more. Anywhere in the world, rapidly and at scale.

Paymentology’s superior multi-cloud Platform offering both shared and dedicated processing instances, vast global presence and richer real-time data, set it apart as the leader in payments. Their payments experts bring deep, local market knowledge on the ground in 60 countries, across 14 time zones, guaranteeing 24/7 support. Paymentology is deeply committed to increasing financial inclusion worldwide, and to making a positive impact in the communities in which it operates.


For more information visit


About XYB:

XYB is a leading fintech company dedicated to transforming and revolutionising the financial services landscape. Through its coreless banking platform and ecosystem, XYB empowers banks and non-banks to provide accessible and comprehensive financial services to individuals and businesses. By combining advanced technology, comprehensive managed services, and fostering collaborative partnerships, XYB accelerates time to value, creates unparalleled growth opportunities, and enables financial institutions to thrive in the rapidly evolving digital era.


More information about XYB can be found at

Article by Paymentology

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