Qolo, which claims to be one of the leading omnichannel payments and card issuing processors, recently announced its partnership with PayQuicker, a key player focused on financial technology solutions for the global payouts market, in order “to provide unified disbursement services to PayQuicker and its clients.”
The partnership “pairs PayQuicker’s Payouts OS platform with Qolo’s next-generation card issuing and payments platform, enabling PayQuicker to issue a more advanced suite of card products and make multi-channel payouts to meet the needs of corporate clients needing to pay gig economy workers, marketplace sellers, and small to medium-sized businesses across a diverse set of industries.”
Through Qolo’s integration into multiple banks, PayQuicker will “ensure the best payout products, optimized for speed, efficiency and cost, reach the right audience, both domestically and internationally.”
Patricia Montesi, Qolo CEO, stated:
“Qolo and PayQuicker are aligned in our vision to bring the best payments offerings to market. We are thrilled to work with them and help power their innovative consumer and commercial programs.”
Charles Rosenblatt, President of PayQuicker, said:
“We chose Qolo as an issuing-processing partner because they offer the most modern, scalable and flexible platform that will enable us to bring unique and differentiated payment solutions to our customers. PayQuicker is committed to offering a seamless global payment platform to make instant, secure payouts, and Qolo is an integral partner in our mission to deliver the most advanced global payout solutions.”
As noted in the update, PayQuicker claims it is “an innovative global financial technology company that provides its clients with a robust payments and treasury platform.”
Since 2007, they have “been revolutionizing payouts, allowing businesses of any size to offer instant global payouts in local currencies via secured bank accounts with prepaid debit cards, virtual cards, and mobile wallets.”
Their cloud-based and regulatory-compliant software stack “enables clients to white-label our products, empowering fast and flexible spending options under their own branded experience.”
Their mission is “to enable clients with superior payment and purchasing power that immediately drives business growth with every login, payout, purchase, or swipe.”
As one of the world’s omnichannel card issuing and payments processor, Qolo claims it is “the nexus of banks, card networks, payment rails, customer data and integrated third-party services.”
Its platform reportedly “offers first-party access to card networks and payments processing, while its financial CRM and advanced ledger deliver insights previously not available on a single platform.”
Qolo powers businesses “wherever speed, security and flexibility are important, allowing clients to launch innovative payment solutions quickly and efficiently.”
Qolo is “headquartered in Ft. Lauderdale, FL.”