Omise adds direct card acquiring in Thailand
The new status covers Visa and Mastercard, allowing Omise to handle merchant card processing and settlement on its own infrastructure.
Payments provider Omise has obtained direct acquirer status in Thailand for the Visa and Mastercard networks. It can now process and settle merchants’ card payments itself, shifting more payment functions to infrastructure under its control.
Omise said the change could eventually make merchant enrolment simpler and reduce the need for intermediaries. It also cited potential improvements to payment performance and merchants’ ability to track transactions, alongside future upgrades to authorisation, reconciliation, reporting and fraud management.
The status could underpin new services, according to the company. These include acquiring-as-a-service and payment facilitation, or PayFac. In the latter model, a provider signs up smaller merchants and handles their payments using its own acquiring relationship.
Omise also named payment orchestration as a possible future service, bringing different payment methods and providers together through one coordinating layer. It said the planned capabilities would serve platforms, marketplaces, financial institutions and enterprise businesses.
Chief Operating Officer Sutthiporn Mekhaaphirak said Thailand remained a key market for Omise and that stronger acquiring capabilities would support continued technology investment for merchants.
