Payment Platform Omise, i2c Partner on Payments Programs in Southeast Asia

Digital payments and banking technology firm i2c has partnered with online acceptance and payments platform Omise, the companies announced Tuesday (Nov. 16).

This partnership will help Omise allow clients to design and deploy virtual card payment programs for Southeast Asia, and the release says local banks, FinTechs and others will be able to launch and manage card programs in the Southeast Asia region early next year.

In a statement, Omise CEO Ezra Don Harinsut said i2c’s tech stack and reliability “will allow our clients to deploy robust new payments capabilities and help us improve cash flow for millions of consumers and small businesses very soon.”

Meanwhile, Kevin Fox, i2c EVP – Americas Sales, called Omise “a true pioneer” and said Southeast Asia was ripe for growth, having added 40 million new internet users. Fox said the region was likely to have over $300 billion in gross merchandise value by 2025.

“With our combined platforms and Omise’s impressive client roster, we believe this partnership will help extend and modernize issuing for the region in a meaningful way,” Fox said in a statement.

In other news regarding i2c, the company recently partnered with Bancrédito International Bank & Trust Corporation from Puerto Rico in order to roll out the American Express Black Card in that country.

See also: i2c, Bancrédito Join Forces to Debut Amex Black Card for Puerto Rico

The Bancrédito Black Card comes with several features, including interactive voice responses in both English and Spanish, and will work with contactless tech for purchases, travel memberships, a loyalty program and other benefits.

Meanwhile, Jim McCarthy, president of i2c, recently spoke to PYMNTS about the surge in crypto as a new way to do diverse things in payments, including with B2B companies, financial institutions and FinTechs all using them to help simplify transactions.

McCarthy said moving money across borders would be done more easily with cryptocurrencies, though there would still need to be some work on the efficiency of them, due to regulations and infrastructure availability.

Read more: 50% of Multinational Firms Use or Plan to Use Digital Currency for Cross-Border Payments