7 January 2021
Digital Payments Group signs Processing Agreement with Diners Club International, partnering with PSI-Pay for card issuance expansion into Europe
The exciting partnership formalised in July 2020 between Diners Club International®, which is part of the Discover® Global Network, and PSI-Pay was a key factor behind Digital Payments Group (DPG) becoming a certified Diners Club International Issuing Processor.
This will enable the launch of Diners Club International prepaid and debit products though PSI-Pay, one of the leading E-Money BIN Sponsors in the European market. This three-party approach ensures programme managers are able to truly feel part of a team leveraging the collective expertise of the global payments brand Diners Club International®, the BIN sponsor PSI-Pay, and the processor DPG, to tailor products to suit their needs.
Diners Club International has a focus on collaboration and imaginative problem-solving, working with its partners to progress their ideas for new digital payment solutions and bringing these ideas to life. DPG clients will be able to leverage the expertise, capabilities and reach of the network, and accelerate their successes by capitalising on the global experience and proven payment solutions. This is yet another big step towards building world-class payments products tailored to the UK and European market.
DPG CEO Rob Appleby said: “We are excited to announce this relationship with PSI-Pay and Diners Club International. This is a seal of approval for our modern and innovative platform. We look forward to exploring expansion opportunities with our partner PSI-Pay as we work together to grow our businesses in the UK and European markets.”
Digital Payments Group (DPG) is an established and proven payments processing engine for Prepaid and Debit products. We work with payment schemes and Issuing Banks to enable Market Brands and FinTechs to issue payment products to their end users. We operate in the UK, Europe with plans for further expansion into the US. Follow us on LinkedIn and find out more on our blog. Visit www.digitalpayments.group.
About Discover Global Network
The Discover Global Network includes Discover Network, Diners Club International, PULSE and more than 20 alliance partner networks across the globe. Diners Club International has more than 35 million merchant acceptance locations and 1.3 million ATM cash access locations in more than 200 countries and territories. It also offers access to more than 1,000 airport lounges globally and more than 45 million WiFi hotspots around the world.
PSI-Pay provides payment solutions to businesses globally, empowering partners to manage their payment card programmes. PSI-pay is driven by a team of industry professionals with extensive, global experience in banking and alternative payments. They specialise in managing activities involving Card Schemes such as reporting, settlement and approvals and any activities required by the FCA regulatory authority including reporting, compliance and AML mandates and audits.
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Posted in Paypers