KUALA LUMPUR (Sept 20): Homegrown Cardzone Sdn Bhd is partnering CTC Malaysia’s CUVIC Cloud to target financial institutions and enterprises in the payment space regionally.

Earlier this month, the companies inked a deal to combine Cardzone’s next-generation payment solution and CTC Malaysia’s CUVIC Cloud infrastructure and managed services to enable customers to adopt the new technology to accelerate digital transformation and go-to-market initiatives.

CTC Global Sdn Bhd (CTCG) is a wholly owned subsidiary of Japan’s ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Meanwwhile, Cardzone is a provider of card management system.

CTC Global managing director Dennis Koh said its partnership with Cardzone came at the right time when companies are in the midst of undergoing digital transformation.

“Cardzone’s payment solution – hosted on CTC’s CUVIC Cloud (on/off premise) – will help financial institutions and enterprise customers in Malaysia and regionally, move to the cloud in a way that makes sense for their business,” said Koh.

Cardzone chief executive officer Danny Lo said the era of digital transformation has radically impacted the way businesses view technology.

“One of the biggest challenges our customers face is an affordable TCO (Total Cost of Ownership).

“The feedback that we have been getting is that they want a complete payment outsourcing service that includes a payment application solution as well as secured IT infrastructure and IT management services – all at a cost-efficient price. For these customers, our joint offering addresses these issues head on,” said Lo.