Ocean Financial (ME) Selects TPS For Prepaid Cards Service

Ocean Financial Middle East (OFME) with an aim to lead the payment industry with innovative solutions and products selected TPS as its technology partner for their prepaid cards service in the Middle East. Through this partnership, they will be using the very well recognized IRIS Payment Platform and Prepaid Card Management Solution, and OFME will be able to sign up multiple corporate and retail clients to meet their prepaid card requirements.

Read: DIB Opts for TPS IRIS Omni Channel Payment Platform & Prepaid Cards Management Solution

Danny Planter, CEO at Ocean Financial Group speaking on the occasion said,

Our group focuses on a cashless economy with innovation and paramount services. TPS is our technology partner in innovation which is clubbed with our years of experience in services. This makes us a step closer to achieving our vision. We are delighted to be working with TPS.”

Shahzad Shahid, CEO at TPS said:

“It is a matter of great pride for us that our solution will help elevate the payment experience for many corporations and their customers in the Middle East. With our payment solution deployed, OFME is well positioned to help both retail and corporate customers take advantage of the fast-growing prepaid market by offering prepaid card service” 

With the new agreement TPS will be providing a comprehensive prepaid card management solution to OFME that will help them launch, drive, and grow its prepaid card service and that too with a quick time to market. Corporations will be able to use the service to offer various prepaid card use cases.

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Haider Ali Raza, Head – Product & Strategy at Ocean Financials Group speaking on the selection of TPS said

“We selected TPS because they know the ropes of the prepaid cards business and we are sure their technology will help us stay ahead of the curve and enable us to keep pace with rapidly changing customer demands”

IRIS Payment Platform & PCMS together are to form a robust payment infrastructure for this initiative, giving OFME the flexibility to rapidly expand and enrich services. In addition to driving the payment infrastructure, the solutions will also provide an enhanced and secure payment experience for the end users.