26 February 2017
Visit experienceinfosys.com

South Africa's Stanchion Payment Solutions opens London office

02 April 2014  |  1995 views  |  0 Source: Stanchion Payment Solutions

In a further move to fulfill international demand for its products and services, South African payment solutions provider Stanchion Payment Solutions has opened a European regional office based in London.

The company's entry into the European financial services technology sector follows a year after the opening of a Middle East and North Africa regional office, based out of Dubai, in March 2013.

Stanchion is a specialist company trusted to implement, manage and enhance payment systems and solutions in complex environments for banks, retailers, payment processors and payment system vendors.

Stanchion CEO Graham Williams says the latest development is a milestone in exporting proven South African payments technology and services globally. "This new office heralds Stanchion's arrival in Europe, where research has shown there to be many viable markets and demand for our payments software, services, and solutions. Our operations now span the full extent of Europe, Middle East and Africa (EMEA)."

Heading the European office is Charlie McIver, who brings 15 years of payments industry experience to Stanchion, including a decade at S1 Corporation (since acquired by ACI) where he served as Vice President for Operations, initially for Europe and the Middle East, and subsequently for North America.

"These are exciting times for Stanchion, which offers a proven track record for trustworthy payment products, solutions and professional services, at a highly competitive cost thanks to the capability of the development team located in South Africa," McIver says. "I'm very excited to join a great team and excited by the opportunity and challenge for Stanchion in Europe," he adds.

McIver notes an abundance of opportunity not only in the UK, but right across Europe: "European bank processors and retailers are currently experiencing a period of significant disruption thanks to the introduction of new technology platforms, a high level of M&A activity and continued regulation. We are also seeing increased cross-border and systems consolidation programs which drive interesting technology project opportunities for us."

The UK is a strong market for payments technology providers, but McIver also cites major opportunities in Germany, France, the Netherlands and Poland, all of which can be effectively served from Stanchion's new London based office. "Our approach is to form long term strategic partnerships with our payments processing customers. We look to help them improve efficiency in current operations, to develop innovative strategies, introduce new ideas and technologies, as well providing them with highly capable outsourced skills to deliver these initiatives. Stanchion's balance of local and South African based expertise is a proven and cost-effective model, and with a track record of over a decade, Stanchion clients know they are in good hands. I think customers will welcome our refreshing approach!"

McIver also hints at future expansion in North America: "The London office also allows Stanchion to position itself deftly in response to increasing demand we are seeing from US & Canadian customers. We'll be watching this market to see when a US presence makes sense." 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit Yelloco.co.ukvisit BNP paribas

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12806 views comments | 52 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8594 views comments | 40 tweets | 34 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6983 views comments | 7 tweets | 4 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6841 views comments | 18 tweets | 13 linkedin
hands typing furiouslyBlockchain Technology
6505 views 1 | 17 tweets | 7 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job