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Bamboo Group launches Shape: the platform to help payment businesses compete with industry giants

Bamboo

Bamboo Group at GITEX 2024. Photo: Bamboo Group

The Estonian software developer Bamboo Group will unveil Shape – a groundbreaking Payments-Platform-as-a-Service (PPaaS) solution at GITEX 2024. The product is aimed to accelerate market entry and growth for payment businesses, empowering them to launch quickly and compete with, or even surpass, industry giants like Stripe and Adyen.

Shape’s platform eliminates the need for costly, time-consuming technology development, offering a fully customisable, modular system that allows payment businesses to scale at their own pace. It integrates with payment gateways, acquirers, and financial institutions, providing them either a full-service payment solution or tailored components to enhance existing infrastructure.

The platform automates key processes such as merchant onboarding, identity verification, multi-currency transactions, and global compliance. Additionally, the solution is equipped with advanced analytics for monitoring transaction trends, merchant performance, and operational efficiency. Shape’s modules also provide real-time payment flow optimisation, and automated billing.

Bamboo aims to surpass industry giants with Shape

“We’ve seen so many payments businesses stall under the burden of heavy technology builds and so lose ground on their competition, and now Shape’s solution can put an end to that.  Be it for a new-to-market launch or the re-platforming of an existing market player, Shape offers an out-of-the-box PPaaS solution, but with truly in-depth customisation capabilities that replicate the style variances normally only found in in-house builds.  I’m excited to see how organisations around the world will put our payments-platform-as-a-service to great use,” said Jack Mangnall, Co-founder of Shape Technologies.

Visit the team of Bamboo Group at the Estonian National Stand (H1-C50, Hall 1) to explore more projects and discuss collaboration opportunities.

As the Middle East undergoes rapid digital transformation, Shape is uniquely positioned to empower local payment businesses by offering a platform that is agnostic to gateways, acquirers, and banks. This flexibility allows PSPs to select their preferred ecosystem of providers while forging strategic alliances with acquirers and gateways. As a result, payment businesses will be able to compete more effectively with global leaders such as Stripe and Adyen and succeed on both local and international levels.

GOOD TO KNOW
Bamboo Group

  • Bamboo Group is a group of IT portfolio companies that provide bespoke and ready-made software solutions for telecom, monetisation & marketing, automotive industry, enterprise security, education, healthcare, and more.
  • The company cooperates with clients from 22 countries being a trusted partner to JLR, Škoda, Telekom Austria Group, Orange, Telia Sonera, Airtel.
    bamboogroup.eu

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