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August 26, 2010updated 04 Apr 2017 4:16pm

BNP Paribas launches ‘Payment Hub’ in Asia

Financial services group BNP Paribas has selected payment solutions provider Clear2Pays Open Payment Framework (OPF) to implement a single payments management Payment Hub in Asia.

By Sarah Fitzmaurice

Financial services group BNP Paribas has selected payment solutions provider Clear2Pay’s Open Payment Framework (OPF) to implement a single payments management ‘Payment Hub’ in Asia.

The regional ‘Payment Hub’ will operate from Singapore and is expected to be deployed in 13 Asian countries. Its first phase will handle all payment requirements for Thailand, Taiwan, Korea and Vietnam.

“Implementing this framework will give us a consolidated view of all payment transactions handled by each country in Asia Pacific,” said Setlef Von-Eliff, chief information officer BNP Paribas Asia Pacific.

“It also allows us to enjoy seamless integration with our current applications such as Connexis or Swiftnet in the future, and be able to offer parsing capabilities to other third-party banks.”

BNP Parabis initiated the regional hub payment project to interface with the bank’s channels, a range of internal systems and the various domestic low value and high value payment systems.

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