Netcetera, a Swiss software business, has partnered with Covalent, a Pakistani payment service provider, to develop online payments throughout the Middle East and Africa.
Fintechs can now give their customers authentication for e-commerce transactions using a software-as-a-service paradigm. Netcetera develops software for safe digital payments, financial technology, media, transportation, healthcare, and insurance. Covalent is a cloud-based payment platform for banks, e-money institutions, and non-bank financial institutions.
The Covalent platform can now support two-factor authentication using Netcetera’s 3DS technologies. Making online payments and preventing card theft. Netcetera wants to offer secure online payments using Covalent and increase their presence in Pakistan, says a Netcetera rep.