Visa certifies Quatrro as global VISANet third party processor
Payment processing specialist Quatrro Processing Services has been approved by Visa as a global VISANet third party processor.
The approval will allow the Indian company to connect directly to VISANet as well as offer issuer and acquirer card processing services to VISA clients such as banks, financial institutions, merchants and other service providers worldwide from April 2016.
In addition, the certification will enable banks and financial institutions to avail VISA End Point services from Quatrro without the need to make upfront capital investments required to operate their end point.
Quatrro Processing Services senior vice president Rajesh Dhuddu said: “The confirmation from VISA Inc. has come at an opportune time when the payments landscape in India is being redefined with the entry of new banks, payment banks and small finance banks.
“These new financial institutions and existing ones too are actively looking for innovative business models to introduce new products and services, accelerate their time to market and reduce overall total cost of ownership of banking technologies and processing capabilities. Quatrro is uniquely poised to partner with financial institutions to accomplish these objectives.”