UK-based payments technology firm Tuxedo Money Solutions has formed a partnership with Global Processing Services (GPS), a Dubai-based payment processor, to deliver a series of global payment programs.
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GPS will initially deliver payments processing for the STA ISIC Cashcard supporting the development of Tuxedo programs across a variety of sectors apart from supporting Tuxedo’s expansion in Australia.
Both the companies, eyeing the opportunities in the Middle East, will launch their payments program in the region in the second quarter of 2015.
Tuxedo Money Solutions CEO John Sharman said: "Tuxedo has a stated focus on rapid international expansion for our payments technology platform to take advantage of the predicted £1.1tn global payments market.
"By working with GPS we are able to bring our technology to the expanding UAE market and support our existing expansion in Europe, Australasia and the US."
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By GlobalData
