Summary:
Chennai, Tamil Nadu, India – Business Wire India FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payment processor, has been selected to work with Vopy Payments in a partnership designed to support European digital commerce growth through a premium embedded finance approach.
Embedded finance – which supports the integration of financial services into products and business processes of non-banks – is becoming increasingly relevant in Europe fuelled by Open Banking and digital transformation, with global growth predicted to exceed $138 billion in 2026[1].
FSS is among the leading providers of card issuance products globally, managing 800 plus million payment cards for Tier One banks and payment processors and is already helping to support the growth of embedded payments across multiple global markets.
Vopy and FSS will collaborate closely, offering greater value to customers by combining FSS’s Unified Card Issuance Platform with particular emphasis on card management, support around 3DSecure adoption with FSS’s Access Control Server and integration of FSS’s Reconciliation Solutions.
Speaking on the partnership Vopy CEO, Kim Forsell said, “Our goal is to fully maximise the embedded finance opportunity with a broad solution set encompassing not only payments but also digital lending, saving and investment applications and ultimately a fully rounded business proposition enriched with unique marketing and business services.
We therefore needed a partner who shared our vision and selected FSS because it has a proven and robust payment processing solution and an experienced team of domain specialists to support continual innovation.