Contis Group reaches for the sky with £2m technology investment


Contis Group, provider of online banking and prepaid card technologies and services to major global banking and retail brands, has signalled its commitment to the prepaid card market by commencing an investment programme totalling £2million.

The investment, spread across the group’s UK and India companies, will ensure Contis is best positioned to take advantage of the forthcoming developments in payment processing, as well as a wealth of opportunities presented by advancements in cloud computing and SMART phone technology.

The prepaid sector is widely expected to continue growing until at least 2017, with the UK anticipated to gain a 25% share of the European market by then. Contis is the only true end-to-end service provider in the prepaid card industry, providing leading edge payments technology commissioned by banks, retailers and financial services giants.

Contis Managing Director, Mike Fromant, says that the prepaid sector lacks focused players who are not overly dependent on external suppliers to underpin their offering. He added: “Prepaid is a massive growth industry and it is Contis, the provider with the most sophisticated but easily-implemented solution, that will lead the way in the UK andEurope. Most operators don’t ‘own the train set’ and are thus restricted by the limitations of their own supply chain.

“Contis Group has a clear strategy of growth through investment and acquisition, and has already committed over £7million in just 3 years to ensure we are at the forefront of financial services solutions. This latest investment reinforces our commitment to advanced payment platforms and consolidates our position as one of the leading players in the global prepaid sector.”

Contis Group, a full supplier of Visa prepaid card solutions across the UK and EU, comprises Contis Card Solutions, Contis Collections, Contis Technologies India and GTP Solutions.

 

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