WLPayments has introduced its Zero Code Payments as a Service platform. The launch of the new platform has come with a containerized architecture, a server-agnostic approach, along with the integration of microservices.
The result of adding these features is an adaptive and fully customizable payment solution for the entire ecosystem which includes payment service providers, banking institutions, and merchants. The platform may be integrated without altering the existing architecture on the clients’ side.
New possibilities such as agnostic Open Banking and dynamic frictionless client checkouts have been opening up.
As mentioned in the announcement, a complete microservices-powered approach enables the efficient functioning of the platform as specific apps can be dealt with separately. Additionally, it helps with creating new and tested services in an independent manner.
The development of the firm’s Flex 3DS and Routing Solution serves as a testament to this approach. Merchants have been benefitting as the integration of Flex 3DS Routing has resulted in 9% higher overall success rates.
Chinmay Jain, CTO at WLPayments, stated:
“The result is a three-dimensional characteristic improvement leading to enhanced flexibility, quick deployment, and robust performance.”
The platform has also been made “serverless” which has helped with lowering the possibility of it experiencing downtime. There have also been considerable improvements made in the backend operations. It now contains advanced analytics along with a fraud detection and prevention system. Considerable care has also been taken to make sure that the onboarding and compliance processes are carried out properly.
Sunil Jhamb, CEO at WLPayments, remarked:
“With the present architecture, we are looking at more features in the time to come. Platform 3.0 caters to the present needs of our clients along with being decently prepared for the future. We are not only ready but are a proactive, forward force further to introduce developments in the realm of the payment industry.”
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