BPC has launched its new paytech, Radar Payments, offering modern white label payment-processing capabilities with a focus on innovation.
The announcement was made at the Merchants Payment Ecosystem (MPE) 2020 on 18 February, the largest merchant and payment-acquiring event in Europe.
Radar Payments acts as a self-enriching radar which identifies new opportunities, leveraging on compliance and the latest means of payment on behalf of financial institutions, payment service providers (PSPs), fintechs, banks, acquirers and issuers.
Jane Loginova, co-founder and co-CEO of Radar Payments, commented: “We are proud to see the immediate market response to our newest company. Radar Payments beautifully blends the best of both worlds – the BPC world, with its 20 years of expertise in payments, and the fintech world – using the latest digital technologies to lower operating costs and drive innovation.”
The company successfully completed a beta program in which the firm saw early success. In less than six months, six financial institutions, PSPs and neobanks have been added to its client list, from the UK, Austria and Russia among other.
Radar Payments aims to simplify the entire process of dealing with multiple ecosystem players, such as mobile wallets and wearables, with its one-stop platform for end-to-end omnichannel payment processing. It covers acquiring and issuing, online and popular alternative payment methods, all from a single platform.
Peter Theunis, co-founder and co-CEO, added: “We thoroughly engaged with financial institutions to define how we could better fulfil their payment needs. Unanimously, their pain points were: scale, costs linked to IT infrastructure and compliance, and the capability to innovate.
“Radar Payments wants to address those problems, offering the widest reach, full payment acceptance, increasing conversion rates for online and offline payments, while scaling with no compromise. Most importantly, it leaves room for co-innovation, which is an essential component of differentiation in a crowded market.”
Radar Payments is currently available to its clients in three varieties Payment as a Service (PaaS), Software as a Service (SaaS), Processing as a Service.
