Achievements  |  Recognition  |  Сompany news   |   02.04.2022

Wallet Factory Wins GOLD Stevie® Award in 2022 Middle East & North Africa Stevie Awards

DUBAI, United Arab Emirates, April 2nd, 2022. As being announced by Business Wire, our press release distribution partner, Wallet Factory has recently won the Gold Award for its Technical excellence and innovations for the financial industry. This honorobale recognition is the result of implementing several successful projects across the MENA region..

Wallet Factory is a FinTech provider of reliable digital financial services and platforms for banks and NBFI, has announced to become the winner of a GOLD Stevie® Award for the Innovation in Technology Development in the Financial Services category in the third annual Middle East & North Africa Stevie Awards, sponsored by the RAK Chamber of Commerce & Industry.

Wallet Factory has won gold for its tech-driven software solutions for financial businesses by taking part in the only business awards program that recognizes innovative companies across 17 nations in the MENA region. With over 700 nominations applied, the evaluation done by six juries was based on the ratings given by over 100 executives worldwide.

“It is an honor for us to get such an outstanding award as acknowledgement of our product excellence. MENA is of paramount priority for our company for the next decade as the region has become a true lodestone for financial businesses that seek the FinTech innovations we offer.”

Michael Miro, CEO of Wallet Factory

The winners of this iconic event will be celebrated at the gala ceremony on May 21. The event’s venue is the Waldorf-Astoria Hotel in Ras Al Khaimah, UAE. The business development team of Wallet Factory will be definitely present at this banquet, since the company has just opened its new office in Dubai, UAE.

“We are delighted to recognize the achievements of such a diverse group of organizations across the MENA region in the 2022 edition of the Middle East & North Africa Stevie Awards.”

Maggie Miller, the President of Stevie Awards

Most importantly, the Stevie Awards 2022 judges’ decision was totally unbiased, albeit diverse and sometimes quite rigorous. Here at Wallet Factory, we definitely appreciate healthy criticism and professional external feedback, as it gives us new understanding on how to make our digital financial services and platforms much better for our clients. What’s more, we are grateful to the Stevie Awards comitee for sharing this judges’ feedback with us, so we can showcase the open comments to our current and prospective clients, partners, investors, and mere website visitors.

So, here’s the list of all the comments of the judging committee members as they were provided. We did not edit any comment neither adjusted them in our favor.

“Wallet Factory is a FinTech software solutions provider that has solid innovative achievements for financial businesses, it offers clients a wide range of custom-built solutions to jumpstart any kind of digital payment services for their end users.”

“Good solution that led to remarkable results in financial inclusion in the levant region.

“The wallet as a service model is a very innovative achievement as mentioned its provide range custom solutions for both digital finance business and digital services markets. The offered solutions cover different perspectives.”

“Great solution, WaaS has been in high demand for the FinTech industry.”

“In today’s world, SaaS is a revolutionary technology trend.The WaaS is really a great innovative platform from Wallet Factory. The features highlighted in the app are really helpful and easy to use by end users. Great UI/UX experience in the app which is impressive. Penetration testing is one of the best things done in your platform to avoid cyber attacks. Finally, Technology innovations in hand held devices are the key trend in today’s world of digital payments. WaaS is the best solution for digital payments. Great Job Wallet Factory team!”

“Great entry! FinTech help financial businesses improve financial inclusion in underbanked communities by enabling them with reliable software services and custom-built products then moving eWallets is a good and quick start to go digital with an all-in software suite having everything their B2C customers might need. Innovative achievements are based on our social responsibility mindset.helping companies improve financial inclusion, the services we provide contribute to the overall economic growth of the region. Well done!”

“This is a specific industry and specialization in the finance industry and it is harder to find the vendors who focus on this service. However, the entry focuses only on the profile and the clients of the wallet factory and doesn’t showcase what makes it different from its competitors or the technology that is in use making it difficult to judge it against the criteria of technology innovation.”

“Simplified solution that benefits all stakeholders and they are open to all sizes of companies. This is important as small businesses and merchants need to digitize as well. Being scalable is very important due to the fast changing industry and this is well factored as well as personalization to each merchant.”

“The accomplishments of Wallet Factory are truly creditable, given that it was founded only in 2016. The WaaS model is certainly bringing about operational efficiency and flexibility for businesses enabling them to quickly set up custom digital financing solutions. Good work, keep it up!”

About Wallet Factory

A FinTech provider of digital finance services and enterprise-grade platforms. Wallet Factory enables financial businesses of any size with access to digital opportunities, like market-ready eWallets, payment solutions, card tokenization service, customer loyalty programs, and more.

About the Stevie® Awards

The Stevie Awards are business awards competitions staged annually that receive more than 12,000 entries from organizations in more than 70 nations.

About RAK Chamber of Commerce and Industry

RAK Chamber of Commerce and Industry is set to adopt the spirit of innovation and creativity, strong leadership and initiative to support and develop business sectors.


Wallet Factory

Mikhail Miro, CEO and Co-Founder, Member of Forbes Business Council

Stevie Awards

General inquiries

[email protected]

RAK Chamber

Contact Center

[email protected]

WF Team
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