VIALET selects Tribe Payments for issuer and acquirer processing service

By Megha Bhattacharya

Tribe Payments today announced that it has been selected by VIALET, an alternative financial solutions provider, to provide both issuer and acquirer processing services. VIALET are already live with Tribe for acquirer processing and 3DSecure. They are also set to use Tribe’s end-to-end payments platform to launch several issuing products, including both digital and physical credit and business cards with GooglePay and ApplePay wallet options.

“Initially, we needed a ready-to-use solution for acquiring VISA and Mastercard payments that would come at a reasonable cost,” says Artjoms Grivkovs, CEO of VIALET. “But ultimately we chose Tribe because we know we will get a supportive partner who can help us to achieve and even surpass our growth and diversification plans for this year and beyond.”

By using Tribe’s feature-rich solutions and data-driven controls, VIALET can shape their customer experience and deliver innovative payments services for their customers. Recently, Tribe Payments teamed up with open banking provider Tink in a bid to enable the former to combine its issuer and acquirer services, with Tink’s open banking payments. This will also enable Tribe’s customers to access both traditional and more innovative payment solutions.

“We’re proud to showcase the capabilities and innovation possibilities that Tribe can offer,” says Alex Reddish, Chief Commercial Officer at Tribe Payments. “by working with a technology partner that can deliver both issuer and acquirer services, VIALET have a wealth of functionality, data and customisation options at their fingertips. We’re very proud to support this progressive, forward-thinking business as they introduce further innovation across Europe.”