Thredd, the next-generation global payments processor, has completed the migration of BigPay’s virtual and physical card portfolio to its modern payments platform, showcasing its expanding role in large-scale card transformation programmes across the financial services sector.
The company launched this migration initiative to help BigPay move away from legacy processing infrastructure and gain the stability, scalability and innovation capacity demanded by today’s competitive payments environment.
Thredd provides global processing technology for digital banks, FinTechs and financial institutions, supporting card issuing, transaction processing and real-time payment capabilities across multiple markets.
The migration transferred more than 2.5m cards from BigPay’s previous processor to Thredd’s next-generation platform.
According to the company, the solution equips BigPay with stronger operational resilience, improved innovation potential and faster time-to-market for new card features and services.
There is an increasing urgency across the industry to modernise ageing payments infrastructure. Analysts estimate that retail banks that do not re-platform may lose 10% to 15% of payments revenue annually as legacy systems fail to meet rising expectations for digital experiences, hyper-personalisation and operational efficiency. With more than 100m cards per year expected to shift to modern platforms over the next five years, demand for experienced migration partners is set to accelerate.
Thredd added that the BigPay project was delivered using a rigorous methodology built on extensive planning and transparent communication among all stakeholders to ensure uninterrupted service for cardholders.
The company also framed the migration as part of a wider movement in which financial service providers are shifting their most profitable portfolios to next-generation platforms to protect long-term value and maintain competitiveness in a rapidly evolving market.
Thredd CEO Jim McCarthy said, “The industry is facing a strategic window—and a technological ultimatum. Portfolios trapped on legacy platforms are expected to incur unrecoverable losses in market share, customer base, and revenue by 2030 due to the inability to innovate and rein in the high cost of outages and back-office inefficiencies.”
BigPay group CEO Aireen Omar said, “Cardholders rely on consistent service, and even short disruptions can affect their confidence. As our customers’ needs continue to grow, it is important to work with a partner who understands our priorities and has a strong track record. Thredd was well-positioned to support that.”
Thredd Head of Asia Pacific Damien Gough said, “These are not mere IT projects—they are business transformation initiatives essential for future growth.”
Gough added, “Most organisations will only face a migration once in a generation. Our repeatable process, proven tools, and deep experience mean we can anticipate and mitigate risks others might miss. We don’t just move data—we guide clients through a business transformation.”
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