Qolo, an omnichannel payments platform for fintech announced that it has entered into a strategic partnership with MX the leader in open finance. MX and Qolo provide quick-track solutions for businesses, especially fintechs and neobanks to set up core mobile banking experiences. They can go to market quickly and future-proof their growth.
Qolo will act as the payment processor, providing all the necessary APIs for users to open and view accounts and make deposits. They can also move money and transfer funds. More than 30 opportunities have already been created through the strategic partnership.
“Fintechs and neobanks are growing rapidly and they are hungry for the functionality and sophistication that our combined teams can offer,” said Patricia Montesi, Qolo CEO. “By pairing Qolo’s single API payment ecosystem together with MX’s core mobile banking functionality and unmatched user experience, we’re demanding more for the next generation of disruptors.”
“We believe MX’s commitment to partnering with best-in-class organizations that complement our offerings is key to sustained company growth,” Don Parker, executive vice-president of partnerships, MX. “Cost efficiency, scalability, trustworthiness — those are the key drivers of innovation that will transform the next iteration of the global financial ecosystem as we lead this revolution with respected partners like Qolo.”