The FSS partners with UAE’s YAP, a digital-based banking platform that will enhance the user experience in undertaking digital transactions and would provide great value to the customers with virtual card issuance and support 3D secure option.
Integrated payments technology company FSS (Financial Software and Systems) has partnered with the United Arab Emirates-based YAP, a digital banking platform, to deliver secure, digital first-card experiences to consumers in the Middle-East and African regions.
Under the partnership, YAP and FSS would work to deliver greater value to customers by combining the FSS Unified Card Issuance Platform with emphasis on virtual card issuance and support 3D secure option.
“YAP services.
According to a study by McKinsey, the number of digital transactions in the UAE was growing at an annual rate of more than nine per cent between 2014-2019.
“We are delighted to work with YAP on its ambitious goal to be the region’s leading digital bank and make secure digital payments seamless and accessible to everyone,” said CEO of FSS Jaishankar A L.
FSS Unified Card issuance platform powers 800 million cards globally and is designed to help the world’s most innovative financial institutions launch game-changing products,” he said.
FSS United Issuance Platform enables YAP to provision instant, open-loop virtual cards linked to its wallet app with unique security features such as a unique card number and an expiry date for utility payments, said the statement.
Hence, such is how we will witness remarkable features of this new digital banking platform.
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