Shortly after Standard Chartered, PCCW, HKT and Trip.com unveiled its virtual bank MOX yesterday, UK-based Paymentology has come out to say that it is the cloud payment processor behind the new virtual bank

Expanding into Asia and already working with a key player in the market, Standard Chartered Bank, Paymentology is looking to open their new Singapore office in April 2020 to serve this market and accelerate the digital transformation for banks entrenched with legacy systems.

Matt Bruton, Chief Commercial Officer at Paymentoloy says:

‘As banks around the world look to replace their aging legacy card systems, we are providing SaaS solutions that will cater for our clients needs today and beyond. Standard Chartered’s MOX is leading the way in this area with their new technology stack and we’re incredibly proud to be a key component of that’