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 * Row Two
   * Connected Economy
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Partnerships / Acquisitions


PAYMENT PLATFORM OMISE, I2C PARTNER ON PAYMENTS PROGRAMS IN SOUTHEAST ASIA

By PYMNTS Listen to Article
Posted on November 16, 2021

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Digital payments and banking technology firm i2c has partnered with online
acceptance and payments platform Omise, the companies announced Tuesday (Nov.
16).

This partnership will help Omise allow clients to design and deploy virtual card
payment programs for Southeast Asia, and the release says local banks, FinTechs
and others will be able to launch and manage card programs in the Southeast Asia
region early next year.

In a statement, Omise CEO Ezra Don Harinsut said i2c’s tech stack and
reliability “will allow our clients to deploy robust new payments capabilities
and help us improve cash flow for millions of consumers and small businesses
very soon.”

Meanwhile, Kevin Fox, i2c EVP - Americas Sales, called Omise “a true pioneer”
and said Southeast Asia was ripe for growth, having added 40 million new
internet users. Fox said the region was likely to have over $300 billion in
gross merchandise value by 2025.

“With our combined platforms and Omise’s impressive client roster, we believe
this partnership will help extend and modernize issuing for the region in a
meaningful way,” Fox said in a statement.

In other news regarding i2c, the company recently partnered with Bancrédito
International Bank & Trust Corporation from Puerto Rico in order to roll out the
American Express Black Card in that country.

See also: i2c, Bancrédito Join Forces to Debut Amex Black Card for Puerto Rico

The Bancrédito Black Card comes with several features, including interactive
voice responses in both English and Spanish, and will work with contactless tech
for purchases, travel memberships, a loyalty program and other benefits.

Meanwhile, Jim McCarthy, president of i2c, recently spoke to PYMNTS about the
surge in crypto as a new way to do diverse things in payments, including with
B2B companies, financial institutions and FinTechs all using them to help
simplify transactions.

McCarthy said moving money across borders would be done more easily with
cryptocurrencies, though there would still need to be some work on the
efficiency of them, due to regulations and infrastructure availability.

Read more: 50% of Multinational Firms Use or Plan to Use Digital Currency for
Cross-Border Payments

——————————

NEW PYMNTS DATA: THE 2021 HOLIDAY SHOPPING OUTLOOK



About: It’s almost go time for the holiday shopping season, and nearly 90% of
U.S. consumers plan to make at least some of their purchases online — 13% more
than did in 2020. The 2021 Holiday Shopping Outlook, PYMNTS surveyed more than
3,600 consumers to learn what is driving online sales this holiday season and
the impact of product availability and personalized rewards on merchant
preference.


Related Items:Digital Payments, FinTech, i2C, international, News, Omise, What's
Hot
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