Octo3 merges with fintech solutions provider Evantagesoft to launch new FTS.Money brand in Asia

Octo3 and Evantagesoft (EVS) Merge to Form FTS.Money

Key Points:

1. Merger and New Brand:
   • Companies Involved: Payment infrastructure firm Octo3 and banking technology solutions provider Evantagesoft (EVS).
   • New Entity: FTS.Money, based in Hong Kong.
   • Leadership: CEO Ajmal Samuel (founder of Octo3), COO Sonya Kapur, CTO Arshad Quayyum (founder of EVS), and CCO Hans Wong.
2. Service Offering:
   • Combines Octo3’s cloud-based payment infrastructure with EVS’s core banking and digital banking solutions.
   • Provides global payments switching, orchestration, crypto gateways, digital KYC, transaction processing, financial analytics, and e-vouchering services.
3. Focus on Financial Inclusion:
   • Aims to enhance bank account access and financial inclusion in Asia.
   • Plans to offer IBAN accounts and remittance services globally, with licenses already secured in Hong Kong.
4. New Products:
   • MyVoucher.io: A gift card-like service connecting local payment methods with international platforms, currently being piloted in Pakistan.
   • API Hub: A platform that connects developers to multiple third-party services through a single API.
5. Customer Migration:
   • Octo3 and EVS customer bases are being migrated to FTS.Money, with completion expected by the end of the year.