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The world of payment cards issued by digital platforms is booming: By 2029, 1.4 billion cards are expected to be issued annually, with card-issuing platforms accounting for 35% of all payment cards, according to a Juniper Research study.
The market growth for global modern card issuing platforms, which can issue payment cards instantly, is projected to be $2.8bn in 2029, a 134% increase from $1.2bn in 2024.
A Beneficial Partnership
With that kind of growth, a software license agreement between Omniwire and Ireth makes sense: Ireth is a leading Italian manufacturer and supplier of strong customer authentication solutions that can use our software in the European market.
As our CEO Serge Beck points out, the agreement is a great opportunity for us to grow as a core banking provider by expanding into Europe.
“As a fintech company, we are reshaping the digital banking and payments landscape,” said Beck. “This partnership with Ireth allows us to further our mission of providing innovative banking solutions on a global scale.”
As a Banking as a Service (BaaS) provider, we offer proprietary and inventive core banking and processing for embedded finance solutions. We provide our clients with exceptional integration and accelerated go-to-market strategies.
“Through this strategic partnership, Ireth will now have an advantage in delivering secure, smooth, and efficient customer transactions,” said Beck.
Ireth CEO Paolo Bernardini said our sophisticated technology will enhance their competitive standing in the fintech industry. “Omniwire’s solutions are going to be a great benefit for Ireth with easy and secure applications for our customers.”
Advantages of Card Issuance Services
If your financial institution wants to enhance its market presence and customer relationships, our services offer new and existing consumers diverse options and flexible services through tailored experiences.
We’ve streamlined the issuance process to decrease operational costs and increase card activation and transaction rates, facilitating customer loyalty. Effective strategies guarantee cards remain the preferred choice for transactions, with data analytics for personalized offers.
Strategic leverage of card issuance can assist your company in improving market presence, acquiring new customers, optimizing costs and securing top-of-wallet status. Learn more about how our services can help your company by visiting our website at https://www.omniwire.com/.
