HANOI, Vietnam, April 15, 2015 /PRNewswire/ --
Next Generation '3rd Party Processing Services' on Offer for Banks and Financial Institutions in Vietnam, ASEAN Countries and India
Quatrro Processing, a leading provider of Cards Processing, Risk and Fraud Management Solutions, today announced that its cards processing data centers in Hanoi and Ho Chi Minh cities are ready to cater to the requirements of Banks and Financial Institutions in Vietnam. These centers have been established through a local partner FPT Telecom.
Quatrro and FPT's data centers are PCI DSS V3 certified and they meet the stringent data security norms required by the banks and mandated by State Bank of Vietnam - the central bank of the country.
Asia has emerged as a key growth market for cards, with the penetration of cards as a percentage of consumer spend hovering between 1% (in less developed countries) to 60% (in developed countries). While technology and innovation has enabled the payments industry to grow at a rapid rate, the mid-tier banks and financial institutions in the country and the region often find themselves challenged to make optimal investments in technology and processes. As a result, the needs of these financial institutions are either unaddressed or underserviced.
Raman Roy, Chairman & Managing Director - Quatrro, said, "We have taken cognizance of this market situation and have assembled a winning combination of 3rd Party Processing Services using a Card Management Platform that caters to Credit, Debit and Mobile Payments through a single interface and also has inbuilt switch capabilities. Our investment in the data centers at Hanoi and Ho Chi Minh is a testimonial of our commitment to the Vietnam market and differentiates us from other processors who are proposing to fulfill requirements through data centers in China and elsewhere."
Doan Dang Khoa, Regional Business Deputy Director - FPT Telecom, acknowledging this development said, "FPT is delighted to be associated with Quatrro Processing in their initiative to set up an in-country Cards Processing Centre for banks in Vietnam and considers it as an important milestone in the Vietnam banking space."
About Quatrro Processing
Quatrro Processing caters to opportunities in Global Payments industry covering Cards Processing, Payments Processing, Fraud & Risk Management and Analytics. Quatrro's services link both conventional and alternative payments to a non-legacy based global processing platform to ensure financial institutions and banks remain at the forefront of change. The service offerings help banks and other financial institutions fulfill the dynamic and ever-changing customer needs, payment modes and patterns with urgency and timeliness that the marketplace demands without any upfront investments in technology and infrastructure.
Quatrro's full suite of fraud management solutions protect clients throughout the payment life cycle across all products and channels using advanced fraud analytics to fraud management platforms. To learn more about Quatrro Processing, visit http://www.QuatrroProcessing.com
FPT Telecom International
Nguyen Chi Ha Hai
SOURCE Quatrro Processing Services