It pays to team up for Logica and Oasis
Logica is teaming up with Oasis Technology to provide end-to-end payment solutions for the financial services industry in Saudi Arabia. The partnership will see Logica handling sales and customer support for Oasis Technology’s payment processing products.
Logica is teaming up with Oasis Technology to provide end-to-end payment solutions for the financial services industry in Saudi Arabia. The partnership will see Logica handling the sales marketing, distribution, and customer support for Oasis Technology’s payment processing products.
The alliance will be targeting financial institutions both online and offline, as well as merchant service providers, payment gateways and national payment processors.
Oasis solutions that Logica will offer include the Oasis IST range, which provides solutions for building in-house payment engines, issuing real and virtual credit and loyalty cards, creating online payment infrastructures, and multi-currency solutions for monitoring and tracking real-world and virtual merchant revenues.
“Several factors make this the ideal time for Logica and Oasis Technology to jointly penetrate the payment solutions market in Saudi Arabia. The increase of credit card usage, the emergence of e-commerce, the development of online banking, and the introduction of direct debit payments in the Kingdom demonstrate that the country’s financial services providers need proven payment solutions,” said Derek Kemp, Logica’s chief executive officer, Middle East.
“Saudi Arabia is a vital market for Oasis as we expand our Middle East presence. In order for Oasis to maximise our market reach in the Kingdom, we required a partner with proven experience both in the financial services industry as well as in the country, both of which we found in Logica,” added Bruno Paoli, general manager EMEA Region, Oasis Technology.