Partnerships  |  Technology  |  Сompany news   |   04.12.2023

Wallet Factory Celebrates Mastercard and areeba Partnership, Bringing Modern Payment Platforms to the Middle East

We are thrilled to share the exciting news that Mastercard has partnered with areeba to enable modern payment platforms for Fintechs in the Middle East. This long-term strategic collaboration will bring new Mastercard Card-as-a-Service (CaaS) and Bank-as-a-Fintech (BaaF) propositions to the region, providing Mastercard products and services to fintech companies and non-banking financial institutions.

We at Wallet Factory are excited to learn that Mastercard has partnered with areeba, a leading payment solutions provider in the Middle East, to further enable modern, innovative payment platforms and experiences for fintechs in the region.

As per the recent press release, this new collaboration will allow areeba to leverage Mastercard’s expertise and global payment technology infrastructure to create improved payment solutions catered to the specific needs of Middle East markets.

For us at Wallet Factory, this is great news as it shows the increased focus and growth potential for fintech payment platforms in the Middle East. As a leading embedded FinTech provider and developer of digital wallets and payment apps, we take pride in having progressive clients like areeba who are at the forefront of bringing the latest payment technologies to the region.

👉 To learn how Wallet Factory helps its clients win new markets with digital wallets, please read the full areeba case study.

Digital payment platforms: Partnership opportunities

The partnership will also allow easier deployment of Mastercard services like tokenization and authentication which are critical for offering secure mobile and digital payment experiences. Our expertise in implementing such services can prove very valuable for clients like areeba as they roll out innovative platforms backed by Mastercard’s cutting-edge payment infrastructure.

Mikhail Miro, CEO and Co-Founder of Wallet Factory, expressed his enthusiasm for the Mastercard and areeba partnership, stating:

“We at Wallet Factory are thrilled to learn about Mastercard’s landmark partnership with areeba to further enable innovative payment platforms for fintechs across the Middle East. This collaboration is an iconic event that signals an acceleration in the adoption of modern payment infrastructure in the region to match global standards. I congratulate the teams at Mastercard and areeba on this industry-moving partnership that promises to transform payments experiences for enterprises and consumers in these markets.

As pioneers in developing and providing bespoke digital wallets and mobile payment apps, we recognize the need for such visionary partnerships that can stimulate innovation in the fintech ecosystem here. Wallet Factory hopes to complement such efforts by lending its expertise to create frictionless, user-centric payment solutions for forward-thinking clients in the Middle East.”

Mikhail Miro, CEO and Co-Founder of Wallet Factory

We congratulate areeba on joining hands with a global leader like Mastercard. It aligns perfectly with our vision at Wallet Factory to stay ahead of the curve when it comes to payment technology innovation for fintechs. Partnerships like these will accelerate the adoption of digital payments and modern payment infrastructure in the Middle East — a very positive trend for players like us focused on this vibrant market.

The future is digital when it comes to payments. With the latest Mastercard and areeba announcement, it seems the Middle East is gearing up for exciting times ahead. As a trusted fintech payment platform designer and app developer, Wallet Factory hopes to play a role in this journey towards efficient and innovative payment experiences for enterprises and consumers alike in this high-potential region.

As a leading provider of digital financial solutions, Wallet Factory is delighted to have clients who are part of this innovative collaboration. We are committed to supporting our clients in leveraging the latest advancements in payment technology to enhance their services and reach new heights of success.
This partnership between Mastercard and areeba marks a significant milestone in the evolution of payment platforms in the Middle East, and we look forward to witnessing the positive impact it will have on the Fintech industry in the region.

WF Team
Subscribe Image

Liked this article?

Stay updated with our latest articles,
subscribe to our newsletter

    You may also like