UK-based StyloPay is set to combine Tribe Payments’ digital wallet technology with its payments-as-a-service offering, which is a cloud-based solution.

StyloPay’s payments-as-a-service offering allows banks and card issuers to scale card programmes and mobile wallets.

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Financial institutions, issuers as well as wallet service providers can leverage StyloPay service to create own payment offering.

The company’s platform supports card programme, e-wallet, IBAN, card personalisation services, mobile wallets and wearables.

Meanwhile, Tribe’s digital wallet can store, manage and transfer fiat as well as crypto currencies.

The technology is said to provide users with control over spending and ability to check their account and transaction details.

Holders can add multiple cards and will be able to transfer money between the linked cards. Consumers can also set exchange rates in real-time.

The digital wallet can be launched within weeks, instead of months, said StyloPay. Also, new functionalities can be easily added.

StyloPay CEO Avishek Singh said: “Our clients are demanding, which means we need to be demanding of the technology that we use. Services need to work globally and to international standards but be tailored to the specific needs of industry sectors.

“Tribe was able to meet these demands and more. Breadth of capability and time-to-market are truly industry leading and we look forward to debuting our new digital wallet offering to our clients.”

Tribe Payments chief commercial officer Alex Reddish said: “We want to work with ambitious clients that have new and seeming insurmountable payment challenges that need to be solved on a global basis. This is what we built Tribe for.”

In June this year, Tribe partnered with Starling Bank for real-time access to payment schemes.