Manila, Philippines – Tinkoff, the global online financial ecosystem centred around the needs of customers, has extended its partnership with integrated digital ecosystem provider BPC, to leverage the firm’s SaaS Cloud payment services for its planned expansion to the Philippines.

The project is an extension of an existing partnership between the two companies. This is a testimony to BPC’s proven technical expertise in digital banking and payments, as well as its extensive local knowledge and experience in the Philippines and across Asia.

The new agreement entails that BPC’s next-generation payment processing company, Radar Payments, will be managing the end-to-end payment experience for prospective Tinkoff customers in the country. This includes virtual and physical card production, as well as debit, credit card issuance and management, SmartVista ACS for 3DS secure services, and fraud prevention.

Moreover, BPC will be supporting Tinkoff in cloud SaaS payment adoption in the Philippines, a trend that has emerged globally for many reasons, including greater flexibility in accessing banking services, and cost savings and security.

Tinkoff said that it also chose BPC for its capability to support its ambitious growth both in terms of customers and expected transaction volume.

George Chesakov, Tinkoff’s international expansion lead, believes that their technology and experience will help them build the right products, boosting financial inclusion in the Philippines. 

“With BPC’s payment processing business, we have a partner with whom we have a long-standing relationship and who aligns with our SaaS Cloud vision. Moreover, we value BPC’s strong local knowledge of the Philippines’ banking sector, which should help us start operating in this market faster,” said Chesakov.

Meanwhile, Evgenia Loginova, the CEO at Radar Payments by BPC, shared that they could not be any prouder to continue their journey serving Tinkoff and its future customers in Asia. 

“Success depends on the speed of deployment of new services in the digital banking industry, especially in the Philippines market, which will welcome a number of new market players in 2022,” said Loginova.