Euronet, a financial technology and payments provider, has partnered with Fintech Galaxy to enhance fraud detection and payment processes in open banking across the Middle East and Africa.
The collaboration will introduce a new banking as a service (BaaS) offering, enabling faster, secure, and cost-effective account-based transactions. This partnership aims to lower transaction costs, increase financial inclusion, and promote digital transaction adoption. Advanced features include card as a service, real-time payment processing, and a dual-layer fraud detection system leveraging open banking data.
