VIALET Selects Tribe Payments for Issuer and Acquirer Processing

Payment technology company Tribe Payments, today announced it has been selected by VIALET, an alternative financial solutions provider, to provide both issuer and acquirer processing services.

The partnership is a key part of VIALET’s ambitious ongoing growth plans to build a payment infrastructure based on its own principal membership of the major payment schemes. VIALET is already live with Tribe for acquirer processing and 3DSecure. They are also set to use Tribe’s end-to-end payments platform to launch several issuing products, including both digital and physical credit and business cards with GooglePay and ApplePay wallet options.

Through its issuer and acquirer processing platform, ISAAC, and its risk management solutions, Tribe provides the latest modular technology to enable banks, fintechs, and acquirers to power bespoke payments programmes. By using Tribe’s feature-rich solutions and data-driven controls, VIALET can shape its customer experience and deliver innovative payments services for its customers.

“Initially, we needed a ready-to-use solution for acquiring VISA and Mastercard payments that would come at a reasonable cost,” says Artjoms Grivkovs, CEO of VIALET. “But ultimately we chose Tribe because we know we will get a supportive partner who can help us to achieve and even surpass our growth and diversification plans for this year and beyond.”

“We’re proud to showcase the capabilities and innovation possibilities that Tribe can offer,” says Alex Reddish, Chief Commercial Officer at Tribe Payments. “by working with a technology partner that can deliver both issuer and acquirer services, VIALET have a wealth of functionality, data and customisation options at their fingertips. We’re very proud to support this progressive, forward-thinking business as they introduce further innovation across Europe.”