JP Morgan invests in payment provider ISG to make digital payments easier
In-Solutions Global Ltd (ISG), a leading payments solutions provider headquartered in India, today announced a strategic investment by JP Morgan.
Established in 2004, ISG supports more than 17 billion transactions for its customers annually via its proprietary GeniusTM Payments-as-a-Service (PaaS) platform, which provides market-leading stack and scalable features that simplify the payment collection process, resulting in ease of -boarding and better customer experience. JP Morgan comes on board as the first strategic investor in the company, aiming to unlock untapped opportunities in payments offerings across Asia Pacific (APAC).
“At JP Morgan, we are committed to delivering best-in-class digital capabilities to our clients worldwide. ISG is a recognized leader and innovator in the payments ecosystem with a track record of collaborating and scaling with banks, fintechs and merchants. Combining our strengths through this This strategic investment will enable JP Morgan to deliver globally consistent and locally relevant payment solutions to our clients as they grow their businesses today and into the future.” said Jason Tiede, Global Head of Fintech and Partnerships for Payments, JP Morgan.
Through this partnership, JP Morgan will continue to accelerate the ability to capture more payment methods in APAC, a region that accounts for the largest e-commerce sales globally. As the world’s best buyer by transaction volume[1]the bank recently announced that it is expanding merchant acquisition capabilities in APAC and will be live in seven markets by the end of the year.
“The APAC payments space continues to develop rapidly and this investment demonstrates our commitment to helping our customers digitize, optimize and simplify their payment operations in one of the fastest growing e-commerce regions in the world. We are the only bank in the region that can offer an end-to-end and end-to-end payments experience at scale – everything from purchasing goods to treasury services and trading – and we will continue to invest in solutions that are integrated and scalable for customers operating in or expanding into the region” said Madhav Kalyan, head of payments for APAC, JP Morgan.
ISG’s PaaS platform is secure, scalable and easy to integrate, offering seamless connectivity with various payment methods, timely settlement and fast reconciliation.
“ISG has been a trusted partner to all leading banks in India for the past two decades and the strategic partnership with JP Morgan is a validation of our capabilities and potential to create products for global markets. This partnership is key to our next phase of growth, as we continue to invest in strengthening our products and expanding into international markets, ISG is committed to providing robust digital payment solutions to our customers and partners so that their customers can once again have best-in-class and seamless payment experiences.” said Adelia Castelino, co-founder and CEO of ISG.
