**BREAKING: Primax Secures Finovifi Debit Card Processing Contract**
Payment processor Primax has been selected by Finovifi to provide debit card processing services and support, the company announced today. The partnership will see Primax deliver its core payment processing infrastructure and value-added solutions to enable Finovifi’s debit card operations.
The deal strengthens Primax’s position in the competitive payments processing sector as financial institutions increasingly outsource their card infrastructure to specialized providers. For Finovifi, the arrangement allows the company to leverage Primax’s established processing capabilities rather than building proprietary systems in-house.
The announcement comes as debit card transaction volumes continue growing across digital and point-of-sale channels, driving demand for reliable processing partners. Neither company disclosed financial terms or implementation timelines for the agreement. The partnership represents a standard banking-as-a-service arrangement where technology providers supply critical payment rails to financial services firms.
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FXnCO Insight
** Traders should monitor Primax for additional partnership announcements as payment processors increasingly become essential infrastructure plays in the expanding digital banking ecosystem.
Source: Finextra