SA’s Stanchion Payment Solutions heads to Europe, sets sight on global market

South African company Stanchion Payment Solutions has recently opened up its European regional office based in London. The tech company focuses on implementing, managing and enhancing payment systems and solutions in complex environments for banks, retailers, payment processors and payment system vendors, and has recently shown a growling appetite for the global market.

Stanchion’s entry into the European financial services technology sector follows a year after opening up a Middle East and North Africa regional office, based in Dubai, in March 2013.

Stanchion CEO Graham Williams says the latest development is a milestone in exporting proven South African payments technology and services globally:

“This new office heralds Stanchion’s arrival in Europe, where research has shown there to be many viable markets and demand for our payments software, services, and solutions. Our operations now span the full extent of Europe, Middle East and Africa (EMEA).”

Charlie McIver who’ll be heading the European office says he’s optimistic about the opportunities that come with this most recent expansion. He says, “European bank processors and retailers are currently experiencing a period of significant disruption thanks to the introduction of new technology platforms, a high level of M&A activity and continued regulation.”

McIver further notes, “[The company’s] approach is to form long term strategic partnerships with [its] payments processing customers. Stanchion’s balance of local and South African-based expertise is a proven and cost-effective model, and with a track record of over a decade, Stanchion clients know they are in good hands.”

McIver also hints at future expansion in North America: “The London office also allows Stanchion to position itself deftly in response to increasing demand we are seeing from US and Canadian customers.”

Image via Sue Brandao