The strategic collaboration gives Pyypl access to Visa’s international network and expertise in payment solutions.
Pyypl, the Middle East and Africa-based payment technology and financial services company, announced a new strategic partnership with Visa.
Pyypl and Visa have entered into a strategic partnership agreement that applies across the Middle East. Companies have a shared commitment to promoting financial inclusion in emerging markets. The agreement provides for collaboration on payment accounts in three separate phases: issuing Pyypl cards, including contactless products; Visa Developer APIs; and Visa Direct, Scan-2-Pay and other innovative products and solutions.
This strategic collaboration gives Pyypl access to the international network of Visa and expertise in payment solutions. Visa will benefit from Pyypl’s regional expertise and innovative technology platform.
Antti Arponen, CEO and Co-Founder of Pyypl, said: “Pyypl is focused on Africa, Central Asia and selected markets in the Middle East. We selected the UAE as a hub because of the UAE’s solid international connectivity, as well as telecommunications and banking. In combination with a lively fintech ecosystem, the UAE is an ideal location for fintechs. Indeed, more and more financial technology companies are starting up in the UAE. “
Pyypl offers a digital payment solution for smartphone users that allows them to conduct transactions online without the need for a bank account or credit card. Pyypl brings a new level of security and compliance by leveraging smart contracts, hardware encryption and machine learning. Visa, the world’s leading provider of digital payments. provides products, services and infrastructure to support global trade through fintechs, financial institutions, merchants, consumers, businesses and governments.
Otto Williams, Senior Vice President, Head of Partnerships, Innovation and Digital Solutions for Visa at CEMEA, said, “As money management becomes increasingly digital, fintechs are playing a critical role in restoring and rebuilding the global economy in these challenging times. It’s exciting to see fintech partners like Pyypl using our programs and network to digitize financial services and improve the lives of the consumers and businesses they touch. “- [email protected]