Prepaid card processor Tutuka has implemented Proxama’s Digital Enablement Platform (DEP) to offer a fully independent cloud-based payment solution in the Middle East, Asia and Africa.
Proxama will offer its complete solution for both MasterCard and Visa CBP specifications, including payment application/account management, credential management and EMV transaction processing.
Tutuka CTO Shaun Hodgkiss said: "We selected Proxama to provide our cloud-based payment solution based on our experience of their EMV solutions and track record of innovation.
"Proxama are providing a technically advanced solution with the added assurance of being based on proven EMV components. We look forward to a strong collaboration partnership with Proxama and the bringing new payment solutions to market."
Proxama vice president of marketing at digital payments division Rob Macmillan said: "Proxama are immensely pleased to be working with Tutuka to bring another innovative payment solution to the market.
"Banks and issuers around the world are coming to realise that many mobile payment models come with constraints on choice for the issuer and the consumer. Proxama’s DEP puts issuers back in control and allows them to provide a unique and personal consumer experience."