Technology solutions provider Vernost Group has launched VePay Payments Acquiring and Orchestration at the Seamless Middle East, the region’s main digital commerce exhibition and conference.
Designed for payment platforms, fintech and e-commerce companies in the UAE, VePay deploys AI routing, blockchain, analytics and Cloud computing to ensure uninterrupted operations for enhanced business continuity.
The solution rolled out on the first day of the Seamless Middle East exhibition, seeks to empower businesses to boost margins and streamline operations.
CEO of Vernost, Pankaj Tripathi, said: “We are thrilled to launch VePay in the region, as we strongly believe it is a game-changer that will empower our clients to scale their operations and excel in the realm of payments.
“At Vernost, every product we develop is built from the ground up, driven by the actual needs of our customers. Our Loyalty and Engagement Product – ClubClass as well as our Travel Product VeTravel is being used globally and we have the same aspirations for VePay. Through direct interaction with them, we identified a significant gap in the market and an opportunity for us to create a product that resolves the challenges faced by merchants. With VePay, we are poised to enhance our growth strategy and make a substantial impact on banks and payment platforms worldwide.”
The service allows businesses to connect with more than 30 partners, including Mastercard Payment Gateway, Visa Cybersource and Stripe and Checkout.
Established in 2014 by Pankaj Tripathi and Darshana Jagtap, Vernost specialises in marketing technology solutions focusing on building, developing and supporting new-generation business applications for end-customer and trade.