12 November 2024

Paymentology Announces Strategic Partnership with Zand Bank to Accelerate Fintech Growth in the UAE

Written By FinTech Alliance in FinTech

Paymentology Announces Strategic Partnership with Zand Bank to Accelerate Fintech Growth in the UAE

Paymentology, the leading global issuer processor, has signed a referral partnership with Zand Bank, the UAE’s first fully licensed, all-digital bank. This collaboration focuses on expanding financial services for fintech's and startups, aiming to accelerate innovation and growth in the UAE.

Since 2022, Zand Bank has empowered UAE and global corporate, institutional, and wealth clients to unlock new opportunities, foster sustainable growth, and drive positive impacts in the digital economy.

Through this partnership, Paymentology and Zand will enable fintech's to thrive by offering a range of specialised services, including BIN-sponsorship, virtual IBANs, and Client Money Accounts. These services are designed to help fintech's launch and scale faster, providing them with the infrastructure to bring their solutions to market efficiently.

The timing aligns with the UAE government’s push to establish a strong digital economy through the UAE Digital Economy Strategy, which aims to double the sector’s contribution to the nation’s GDP from 9.7% (April 2022) to 19.4% over the next decade. The partnership between Paymentology and Zand supports this vision, offering fintechs the necessary tools to innovate, while reinforcing the UAE’s position as a regional and global hub for the digital economy.

By lowering the barriers to entry for new fintech players and accelerating financial innovation, the partnership will create a more inclusive and efficient financial ecosystem. The robust infrastructure and compliance framework provided will enable fintech's to focus on innovation and customer acquisition, contributing to the growth of the UAE’s digital economy.

Up Next ...
13 November 2024

Klarna Files for U.S. IPO, Signaling Major BNPL Industry Milestone

Klarna not only aims to increase capital but also to lead the BNPL sector through continued innovation

13 November 2024

Pemo Reaches $1.4 Billion in Transactions, Secures $7 Million Pre-Series A Round

the new funding aims to enhance Pemo's financial automation services for small and medium-sized businesses in the MENA region

13 November 2024

Lean Technologies Raises $67.5 Million in Series B Funding for MENA Expansion

this round will accelerate Lean's role as a leading provider in the Middle Eastern fintech infrastructure

12 November 2024

Paymentology Announces Strategic Partnership with Zand Bank to Accelerate Fintech Growth in the UAE

This collaboration focuses on expanding financial services for fintech's and startups, aiming to accelerate innovation and growth in the UAE.

More in FinTech

Klarna Files for U.S. IPO, Signaling Major BNPL Industry Milestone

13 November 2024

Klarna not only aims to increase capital but also to lead the BNPL sector through continued innovation

Pemo Reaches $1.4 Billion in Transactions, Secures $7 Million Pre-Series A Round

13 November 2024

the new funding aims to enhance Pemo's financial automation services for small and medium-sized businesses in the MENA region

Lean Technologies Raises $67.5 Million in Series B Funding for MENA Expansion

13 November 2024

this round will accelerate Lean's role as a leading provider in the Middle Eastern fintech infrastructure

Mirakl and Mangopay Announce Strategic Partnership to Accelerate Growth of European Marketplaces with Mirakl Payout

12 November 2024

Mirakl Payout integrates Mangopay’s e-wallet technology and know-your-business (KYB) capabilities, enhancing marketplace payouts.

White Papers FinTech

Open Finance in Review: Looking back at 2023

28 November 2023

In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...

White Papers FinTech

Fintech 2030: The Industry View

02 October 2023

Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...

White Papers FinTech

Pulse of Fintech H2 2022 report

27 July 2023

UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...

White Papers FinTech

The Rise and Impact of Fintech in Latin America

29 June 2023

Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

04 December 2024 - 05 December 2024

12:00 AM - 12:00 AM

ExCel London, Western Gateway, Royal Victoria Dock, London, London, E16 1XL

Free
Finnovate Europe

Finnovate Europe

25 February 2025

12:00 AM - 12:00 AM

InterContinental London - The O2, 1 Waterview Drive, London, Greenwich, SE10 0TW

£1,699.00