RS2 Software, a Malta-based payments processor, has collaborated with Alpha Payments Cloud to provide banks in Thailand with access to multiple financial and non-financial services through a single integration.

The partnership will help banks in cutting the costs and complexity of back-office integration, and increase functionality and customisation.

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As part of the integration, the two entities will offer various services, including global acquiring, transaction routing and switching, AML, KYC, fraud prevention and loyalty.

The services will draw on RS2 BankWORKS processing software, which enables vendors to accept international, domestic and alternative payment types in over 100 currencies.

RS2 CEO Radi Abd El Haj said: “The partnership between RS2 and Alpha Payments Cloud provides Thai banks and payment service providers with a one-stop-shop omni-channel solution.”

Alpha Payments Cloud CEO Oliver Rajic said: “The AlphaHub from Alpha Payments Cloud also cuts complexity and speeds up access to payment, risk and commerce functionality.

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“The combination of our agile and functionally-rich propositions enables banks to offer highly bespoke solutions relevant to their domestic markets. This is critical in Asia due to the variety of local requirements and customizations.

“We are delighted to be partnering with a proven global technology provider so aligned with our vision. We look forward to delivering solutions together that help our customers differentiate themselves for real competitive advantage.”