Key Giveaways:
- Fintech Empowerment: Zand, a UAE digital bank, and Paymentology, a card-issuing technology provider, join forces to support the growth of ambitious businesses in the MENA region.
- Bridging the Gap: The partnership aims to provide fintechs and startups with access to advanced technology solutions, enabling them to thrive in the digital economy.
- Driving Innovation: Zand and Paymentology are aligning with the UAE’s vision for a tech-forward future, promoting innovation and growth in the fintech sector.
Dubai, UAE – Zand, the UAE’s first all-digital bank, and Paymentology, a leading card-issuing technology provider, have announced a strategic partnership aimed at empowering fintechs and startups in the Middle East and North Africa (MENA) region. This collaboration seeks to provide young businesses with the tools and resources they need to succeed in the digital economy.
“We are excited to partner with Paymentology to deliver cutting-edge technology solutions and services to support our clients in growing their businesses,” said Olivier Crespin, CEO of Zand.
This partnership addresses a growing need in the MENA region for digital solutions that cater to the younger, tech-savvy generation. By leveraging Paymentology’s advanced technology, Zand aims to provide its clients with the flexibility, scalability, and control they need to manage their financial operations effectively.
“This partnership is about access as much as it is about influence and power,” stated the report, highlighting the importance of providing young businesses with the tools they need to succeed.
Paymentology’s multi-cloud, multi-region technology will enable Zand’s clients to handle large transactions and scale their businesses efficiently. This platform provides real-time data and insights, empowering businesses to make informed decisions and adapt to evolving financial trends.
“Our mission is to ensure Zand Bank clients remain competitive and adaptive to evolving financial trends,” added Crespin.
This partnership has the potential to significantly impact the MENA fintech landscape by providing a blueprint for future development and innovation. By aligning with the UAE’s vision for digital transformation, Zand and Paymentology are contributing to the growth of a thriving fintech ecosystem in the region.
The success of this partnership will depend on the ability of Zand and Paymentology to navigate the challenges of scaling fintech businesses, ensuring security and compliance, and avoiding common pitfalls that have affected other digital banks.
If successful, this collaboration could empower young tech disruptors in the MENA region and position the region as a major player in the global fintech arena. It represents a significant step towards building a more inclusive and dynamic financial future for the MENA region.
