Ingenico, a Worldline brand has announced the full commercial launch of PPaaS, its Payments Platform as a Service solution to its clients and partners.
Built on a completely new cloud-based technology stack, PPaaS is a key component in the evolution of the Point of Sale (POS) into an ecosystem enabler.PPaaS is a suite of payment and commerce services that combines proprietary solutions for managing terminals with third-party applications and alternative payment methods such as Alipay.
The cloud-based platform is developer-focused and device agnostic, meaning it can work with any payment terminal, beyond the 35 million Ingenico POS around the world. Acquirers, Payment Service Providers and Independent Software Vendors (ISVs) can choose, integrate and manage the services their merchants need for instore payments.
PPaaS also goes further, integrating with retailers’ online commerce and payments services to enable a true omnichannel customer experience and turn the payment experience from a point of transaction to a point of interaction.
Giulio Montemagno, SVP and Managing Director PPaaS at Ingenico, a Worldline brand explains: “Much of the recent innovation in payments has been focused on online payments and the instore experience hasn’t changed much over the years. With PPaaS, our clients can finally enable their merchants to make payment a real point of interaction with their customers, and the ecosystem of third-party service partners can easily bring their services to a wider audience. As we engage with clients and solution providers, we realise that the use cases for PPaaS are very significant as our customers envisage using it to facilitate a whole range of new services and payment methods to their merchants. We have started working on those use cases with clients already – including using PPaaS to enable APMs and a loyalty programme in Asia as well as in enabling vertical-specific services for an acquirer in Europe – and we are looking forward to seeing their new offerings using PPaaS live in action.”
