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How banks and processing companies can launch their payment service without development

In the modern realities of digital payments, launching your own payment service may seem like a difficult and expensive task. However, thanks to White Label solutions and the SaaS model, banks and processing companies can quickly enter the market without having to develop a system from scratch. In this article, we'll look at how it works and the benefits of this approach.

When it comes to creating a processing platform, many represent a complex IT infrastructure, lengthy development and significant investments. However, there is an alternative way — using SaaS platforms with White Label capability.

SaaS (Software as a Service) is a model in which software is available for rent. The bank or processing company uses a ready-made system deployed on the provider's servers, without having to invest in its own development and maintenance. From our experience, 95% of customers choose a SaaS solution.

The White Label Solution (WLS) is a payment platform fully adapted to the tenant's brand. Customers only see the company's logo and style, while the infrastructure remains with the developer of the platform. An example of such a platform is beGateway WLS from eComCharge.

This approach is beneficial for both startups and current players in the payment services market. Consider the key advantages:

  • Quick Launch – a ready-made platform can be deployed in a matter of weeks.
  • Minimal costs – no need to invest millions in development and support.
  • Compliance with security standards – White Label processing platforms are usually already PCI DSS certified and other requirements.
  • Compliance with local legislation (data storage and processing in Central Asia).
  • Flexibility and scalability – it is easy to adapt the system to business needs and add new payment methods.
  • Technical support – the provider is responsible for updates, support and operation of the system 24/7.
  • Choosing a reliable provider is important to pay attention to the company's reputation and the list of supported payment solutions.
  • Signing a lease agreement is a standard practice for the SaaS model.
  • Set up branding – add a logo, stylize payment pages and personal accounts.
  • Connect the necessary payment systems – many providers already have integration with international and local payment methods.
  • Start attracting customers – after setting up, the platform is fully ready for use.

Some banks prefer to host the platform on their servers in order to have full control over the processes. In this case, the bank must prepare its IT infrastructure, after which a provider, such as eComCharge, installs and configures the system. This approach requires additional resources, but gives the bank full autonomy.

Using a White Label processing platform is a modern and economically viable way for banks and processing companies to launch their own payment service. This allows not only to reduce costs, but also to enter the market faster with a competitive product. The main thing is to choose a reliable provider and configure the system for your business needs.

The original article is posted on the blog site ecomcharge.kz

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