ADVERTISEMENT
TechEconomy
Friday, June 6, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Payment24 Unveils Cloud Switch; A New Generation Integrated Cloud-Based Payment Product

Payment24 Unveils Cloud Switch; A New Generation Integrated Cloud-Based Payment Product

New generation integrated cloud-based payment switch enables acceptance of all types of methods of payments

Joan Aimuengheuwa by Joan Aimuengheuwa
November 16, 2023
in Fintech
0
Payment24 Cloud Switch
Payment24 platform

Payment24 platform

RelatedPosts

Top Payment gateways in Nigeria | Payment Gateway

The Value of Payment Gateway Market Revealed

June 6, 2025

Sierra Leone Fintech Forum 2.0 | Interswitch Leads Financial Inclusion Drive

June 6, 2025

Payment24, the global payments platform provider specialising in payment and loyalty solutions, has launched a ground-breaking all-encompassing financial payments product – Payment24 Cloud Switch.

This revolutionary cloud-based payment solution expertly serves the unique needs of acquiring banks, fuel retailers, merchants, and retailers, and dramatically decreases the time to market for businesses wanting to upgrade their transaction switching systems.

Cloud Switch is a fully integrated, versatile, hardware-less payment switch that supports a myriad of payment methods.

The product combines cloud technology, various payment methods, robust POS compatibility, and a suite of value-added services to deliver an all-inclusive transaction environment.

For companies looking for a one-stop-shop solution, Payment24 is also offering customers the option to purchase the Cloud Switch transaction switching platform, POS Terminals, TMS and Field Service Support components directly from them.

“Cloud Switch embodies our dedication to transforming the payment ecosystem. This solution empowers acquiring banks and fuel retailers to easily manage complex payments, harnessing the cloud’s power for unmatched scalability and reliability,” says Shadab Rahil, Joint CEO at Payment24. “Ultimately Cloud Switch was developed to cater to a global market but developed with the localisation capabilities required to adapt it to every region it is deployed in. We believe it marks a significant stride in financial technology, bringing versatile payment methods, seamless transaction flows, and vital real-time monitoring capabilities into our clients’ hands. Our goal is to simplify, streamline, and secure the payment processes, and Cloud Switch is a testament to that mission.”

According to Payment24, the time to market to change a transaction switching platform is usually an arduous and painful exercise for retailers and banks. With Cloud Switch’s unique architecture and multitude of existing integrations, the time required to migrate can be decreased significantly.

Key features of the new solution include cloud-based infrastructure hosted on Microsoft Azure, no need for additional hardware, support for multi-faceted payment methods, and an inclusive merchant portal for comprehensive transaction monitoring.

For acquiring banks, Cloud Switch enhances traditional standalone POS machines allowing banks to expand offerings to modern digital payment services, offers a comprehensive application engine, and supports a wide variety of payment methods.

The transaction switching platform also provides fully integrated payment processing with various industry leading POS and forecourt systems, something not seen before in the existing payment market.

Fuel retailers can expect a multitude of benefits such as multi-bank acquiring, compatibility with popular forecourt controllers and POS terminals, and value-added services like support for their Loyalty and Rewards, Click n Collect, Vouchering, and Coupons offerings. Additionally, Payment24 Cloud Switch also enables the acceptance of Mobile Money a growing need in emerging markets globally.

A unique optional feature of Cloud Switch is real-time TMS monitoring, providing businesses with comprehensive insights into their transactions and aiding in data-driven decision-making.

The product also offers tailored application flows for standalone and integrated merchants, ensuring a seamless transaction process.

“With an established history of industry-leading innovation, Payment24 continues to redefine payment solutions. Cloud Switch embodies this ethos of transformation and progress,” Nolan Daniel, Joint CEO at Payment 24. “We understand the intricacies of the payment landscape and strive to make it more efficient, seamless, and user-friendly for businesses. Our comprehensive Cloud Switch solution goes beyond merely processing payments; it’s a powerful tool that empowers businesses to stay ahead of the curve, increase profitability, and deliver an unmatched customer experience. As we move into the future, we believe we are setting new standards in the payment industry with the launch of Cloud Switch.”

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Payment24
Previous Post

Cellulant Expands MENA Operations with New Egypt Payment Licenses

Next Post

Economic Downturn Causes Declines in App Install, Ad Spend Budgets – AppsFlyer Finds

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Top Payment gateways in Nigeria | Payment Gateway
Fintech

The Value of Payment Gateway Market Revealed

by Joan Aimuengheuwa
June 6, 2025
0

The payment gateway market was valued at USD 29.4 billion in 2023 and is forecasted to experience a CAGR of...

Read more
Akeem Lawal - Interswitch | Sierra Leone Fintech Forum 2.0

Sierra Leone Fintech Forum 2.0 | Interswitch Leads Financial Inclusion Drive

June 6, 2025
Remita at NESA -

Digitalisation Key for Nigeria’s Economic Advancement, Says ‘DeRemi Atanda 

June 4, 2025
Unity Bank | AfriGO

Unity Bank, AfriGo Explore Collaboration to Deepen Access to Electronic Payments

June 2, 2025
PalmPay Unveils ‘Passing the Baton’ CSR Initiative

PalmPay Unveils ‘Passing the Baton’ CSR Initiative

May 29, 2025
Interswitch Group at 2025 Africa Soft Power (ASP) Summit in Nairobi, Kenya

How Interswitch Group Deepens Homegrown Innovation

May 29, 2025
Next Post
Google and Meta - AppsFlyer

Economic Downturn Causes Declines in App Install, Ad Spend Budgets - AppsFlyer Finds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.