DHAKA, Bangladesh, May 2, 2016 /PRNewswire/ --
Quatrro Processing Services (Quatrro) today announced that the company has been approved by Visa Inc. as a Global VISANet Third Party Processor with effect from April 2016. This certification will allow Quatrro to connect directly to VISANet and provide issuer and acquirer card processing services to banks, financial institutions, merchants and other service providers located in Bangladesh and worldwide.
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Banks and financial institutions now can avail Visa End Point services from Quatrro without the need to make upfront capital investments required to operate their end point.
Mr. Rajesh Dhuddu, Senior Vice President at Quatrro says, "Financial institutions are actively looking for innovative business models to introduce new products and services, accelerate their time to market and reduce overall total cost of ownership of banking technologies and processing capabilities. Quatrro is uniquely poised to partner with such financial institutions in Bangladesh to accomplish these objectives. We are also delighted to earn the distinction of being a net new Payment Processor over the last several years in the global payments landscape."
Mr. T R Ramachandran, Group Country Manager, India and South Asia, Visa, says, "Third party payment processors are increasingly becoming an important part of the payments ecosystem, helping banks and issuers with a wide array of transaction processing services and providing speed and agility to their processing capabilities. Visa is happy to expand the reach with the support of third party processors who uphold Visa's core values of reliability, security and speed and welcomes Quatrro."
About Quatrro Processing Services:
Quatrro Processing Services (QPS), a division of Quatrro Global Services, is a Visa and MasterCard certified leading payment processing services provider. The company's core team of over 600 seasoned associates consists of payments/cards transaction processing analysts, risk management professionals and technology experts with a track record of providing card processing services in USA, India, Middle East and South East Asia. QPS' services support issuing, acquiring, Mobile POS, ATM driving, mobile wallets and payment gateways functions of banks using one platform and interface.
For more information, please visit: http://www.quatrroprocessing.com
About Visa Inc.:
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks - VISANet - that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products.
Quatrro Processing Services Media Contact:
Aman Malhotra
Associate Vice President - Market Development
Tel: +91 124 4561000
Email: aman.malhotra@quatrro.com
Visa
Nikita Mascarenhas
Senior Director
Corporate Communications
India & South Asia
Tel: +91 22 66884147
Email: nikita.mascarenhas@visa.com
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