back Back

areeba in-house-developed switch secures Mastercard certification

By Delisha Fernandes

April 18, 2024

  • Areeba
  • Financial Institutions
  • fintech MENA
Share

Mastercard, One Globalareeba, a payment solutions and processing service, has announced the certification of its in-house-developed switch by Mastercard.

After testing and evaluation, areeba’s switch has demonstrated its robustness, reliability, and adherence to industry best practices. This development provides a direct connection between areeba’s platform and Mastercard for the authorization, clearing, and settlement of payment transactions.

“This certification confirms areeba’s technical skills and dedication to excellence while highlighting its significant role in providing cutting edge payment infrastructure in the MENA region that meet the highest quality and security standards,” said Maher Mikati, CEO at areeba.

Through the connection, financial institutions and program managers utilizing areeba’s platform will benefit from a speedier time to market and more rapid implementation of flexible, secure, and feature-rich prepaid, credit, debit, and mobile payment programs.

“The increasing demand for seamless digital payment solutions in the region creates a conducive environment for innovation. Mastercard’s certification of areeba’s switch will empower theprocessor to boost its standing in this highly competitive landscapeand deliver tailored offerings that address the evolving needs of the market,” said Driss Belemlih, EVP Customer Delivery Lead, EEMEA, Mastercard.

With the Mastercard certification, areeba aims to expand its reach and provide enhanced payment processing capabilities to businesses across various industries. This milestone not only validates the technical expertise and capabilities of areeba’s team but also reinforces its position as a trusted partner in the global payment ecosystem.

Previous Article

April 18, 2024

UAE’s FinTech Fortis secures $20m in a Series A round

Read More
Next Article

April 18, 2024

Klub & U GRO Capital to bridge the MSME credit gap in India

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Areeba

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

NeoFinity launches ‘NeoZAP’, a premier payment tag in India

Read More

Today

Lianlian DigiTech secures EMI license in Luxembourg

Read More

Today

Moroccan HPS acquires Ireland’s CR2 to bolster global expansion

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023