London and Sydney: Global Processing Services (GPS), part of Rt. Hon. Lord Mayor of the City of London’s UK Business delegation to Australia and New Zealand; announces today that it has been selected to be the payment issuer processor for multi-currency FX money app Revolut, for the future launch of their app in the APAC region starting with New Zealand, Singapore and Japan.
Revolut is an app-based banking alternative and currently serves some 1,000,000 customers across Europe. A Revolut account can be set up in 30 seconds, enabling users to instantly send free money transfers in 26 currencies to banks around the globe; spend fee-free in 130 currencies with a contactless Revolut card; and exchange currencies at interbank rates in the app.
Once users have topped up their Revolut account, they can use their Revolut Mastercard® or Visa at millions of locations worldwide using the real exchange rate. The card automatically converts into the local currency at the real exchange rate, so you don’t have to worry about it.
GPS continues to pave the way in payment innovation supporting clients who are constantly looking for new ways to add value to their commercial offering and expand into new territories. Its GPS Apex platform and alternative banking solutions continue to be the preferred choice by many as it enables flexibility of innovation and speed to market. It has enabled high growth startups to scale-up quickly, when expanding into new territories, and has been powering the payment technology for Revolut since its initial launch in 2015.
Today, GPS has significantly expanded its client base globally with more than 3600 products using the GPS Apex platform, serving millions of card users across 33 different countries.
Rt. Hon. Lord Mayor of the City of London, Alderman Charles Bowman, comments: “I’m very pleased to have GPS joining my business delegation, as they are a real feather in the cap of the UK’s unmatched fintech offer. As an innovative, forward looking British company, I am confident they will do well in Australia and New Zealand.”
Suresh Vaghjiani, Managing Director at Global Processing Services comments: “Over the past years, GPS has been highly valued for our continued investment in our clients and partners, supporting them from the new product design phase to scaling up and launching into new territories. It is rewarding to see that our payment technology is powering many of the newly launched startups, to that of established Fintechs such as Revolut.” He adds: “We are honoured to have been selected to be part of Rt. Hon. Lord Mayor’s UK Business delegation to Australia and New Zealand. These two countries combined represent the 11th largest market in the world and through future innovative collaborations with the region, I am sure we’ll be launching even more new exciting products to market.”
For media enquiries:
- Global Processing Services
Nim Haas | Head of Marketing | [email protected]
- City of London
Ian Schofield | Media Officer | [email protected]
Added note to editor:
About Global Processing Services
Global Processing Services (GPS) is the issuer processor enabling many of today’s most high-profile fintech innovators and disruptors. It is certified by Mastercard and Visa to process and manage any credit, debit or pre-paid card transaction globally.
GPS enables the emerging payments industry to deliver breakthrough innovations through a unique combination of proprietary technology, its people and partners.
At the heart of its capability is GPS Apex, its single global issuer processing platform. Built entirely by its own payment experts, GPS Apex offers easy integration with Issuers, Programme Managers, card manufacturers and many other service providers.
It has integrated with over 40 issuing banks globally and operates programmes for 100+ clients in 60 countries using over 150 currencies, enabling its clients to innovate and deliver exciting new value propositions for end users around the world.
Clients are supported by a team of talented industry experts who have chosen to join GPS from many of the most prestigious and established global payment corporations. This expertise, its powerful processing platform and trusted position within the payments ecosystem means GPS is re-drawing the lines of what is possible in payments. This is how GPS has earned its position as The PayTech Pioneer.
GPS has over 130 staff in seven offices globally, and has plans to advance this international profile aggressively as it extends its support to multiple payment companies globally and expands into new territories.
For more information: http://globalprocessing.net/