Paymentology

Paymentology is a global card issuer-processor formed in 2014 in London, United Kingdom, and expanded in 2021 through a merger with South Africa-based Tutuka. In 2026 the company was acquired by Teya but continues to operate under the Paymentology brand with its existing product line.

Its Lume platform lets banks, fintechs and telecom companies issue debit, credit, prepaid and virtual cards and process transactions in the cloud, with modules for tokenization, fraud control, 3-D Secure authentication and a client data portal. Customers include GoTyme, Safaricom, Wio, Orange and TrueMoney.

1. Card issuing: Debit, credit, prepaid, virtual and numberless card programs.

2. Cloud processing: Multi-cloud transaction processing with a client portal.

3. Tokenization: Push provisioning and digital wallet token control.

4. Risk management: Fraud control services and 3-D Secure authentication.

5. Data intelligence: Real-time transaction data and a decision engine.

6. BIN sponsoring: Support for launching card programs without a direct network license.