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i2c partners with Visa for Fintech Processing in MENA Region

By Edlyn Cardoza

March 31, 2022

  • Banking technology
  • BNPL
  • Digital Payments
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i2c, Digital Payment, Banking Technology, VISA, FinTech Processor, Virtual Cards, BNPL, Financial Access, MENAi2c Inc., a leading digital payment and banking technology provider, recently announced its partnership with Visa, the world’s leader in digital payments, as a FinTech processor in the MENA (the Middle East and North Africa) region.

Through this arrangement, FinTechs in the region will be able to access Visa’s global network and i2c’s agile issuing and processing platform by tapping into the combined companies’ suite of digital-first solutions and advanced payments technologies.

“We are honored to have partnered with Visa for Fintech Onboarding in the MENA region,” said Amir Wain, CEO of i2c Inc. “This agreement will allow the region’s financial visionaries to go-to-market quicker and to innovate across a broad range of products and features including virtual cards, debit, prepaid, credit, BNPL, cryptocurrency, loyalty and more – and to do it securely and reliably,” he added.

“We see great opportunity to further accelerate financial access and drive innovation in emerging markets, and are proud to be working with leading partners who bring deep market understanding and fintech expertise,” said Andrew Torre, Regional President, CEMEA, Visa. “We are looking forward to working closely with i2c to accelerate the speed with which fintechs across the Middle East & North Africa region can create innovative payment solutions, built on the foundation of the Visa network.”

This agreement comes at a time of unprecedented FinTech growth in the region, with an estimated 680 million unbanked persons and 60 million untapped merchants in CEMEA.

Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Its mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.

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