Octo3 and Evantagesoft (EVS) Merge to Form FTS.Money
Key Points:
- 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.
- 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.
- 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.
- 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.
- Customer Migration:
- Octo3 and EVS customer bases are being migrated to FTS.Money, with completion expected by the end of the year.
