Alaan and Visa to digitise expense management in UAE & KSA

By Delisha Fernandes

Alaan, UAE-based corporate card solution, and Visa, a digital payments provider, has announced a landmark 5-year deal to digitise expense management processes for businesses in UAE and KSA.

This five-year strategic alliance aims to leverage Visa’s payment network, VisaNet, and Alaan’s AI-powered spend management system to deliver enhanced financial control and visibility to businesses across the region, in line with UAE and KSA governments’ cashless society agendas.

“At Visa, we are committed to fostering strategic partnerships that enhance and secure the region’s payments ecosystem and deliver innovative corporate solutions that support businesses in their digital transformation,” said Saeeda Jaffar, Visa’s Senior Vice President and Group Country Manager for GCC. “Our collaboration with Alaan is a testament to this commitment, and we look forward to working with them to empower more businesses and companies in the Middle East with innovative spend management solutions.”

The partnership also includes joint marketing initiatives aimed at accelerating the adoption of advanced spend management solutions in the Middle East. These efforts underscore the commitment of both Alaan and Visa to support the economic growth and digital transformation of the region.

Alaan’s partnership with Visa represents a significant milestone in the company’s mission as it continues to double down its investment in R&D and innovate its platform for forward-thinking businesses in the Middle East. This further amplifies the DIFC-based FinTech’s goal of leveraging technology to help companies take control of their business spend. This alliance will enable Alaan’s clientele to benefit from enhanced efficiency, security, and flexibility in managing their corporate spending.

Parthi Duraisamy, CEO at Alaan, stated, “This exclusive alliance with Visa marks a pivotal moment for Alaan. Together, we are not just offering a spend management solution; we are transforming how businesses in the Middle East manage their finances. Our shared vision with Visa to innovate and simplify financial processes will drive unprecedented efficiency and growth for our customers.”