UK-based international payments technology firm Tuxedo Money Solutions has signed a processing agreement with i2c, a Silicon Valley global payments processor, to maximize opportunities in the global prepaid and emerging payments sectors.
Tuxedo’s eccount payments platform combined with i2c’s global processing platform will enable both the companies to take advantage of the global payments market, which is estimated to reach $1.1 trillion by 2022.
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Tuxedo will initially work towards the Q2 launch of a range of combined ID, loyalty and travel money cards for consumer use which will be processed by i2c.
Tuxedo Money Solutions CEO John Sharman said: "At Tuxedo we have developed an exceptionally robust and flexible payment platform, capable of operating a wide range of domestic and cross-border payments.
"By partnering with i2c we will be able to build on our acknowledged international payments expertise to deliver a global payments platform focused on the US."
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