Mamo selects Checkout.com to fuel start-up growth across MENA

By Gloria Methri

Mamo, the FinTech powering payments for SMEs across MENA has selected Checkout.com as a payments provider of choice for its flagship product Mamo Business. This deal further supports Mamo’s mission to accelerate the growth of SMEs in the MENA region’s flourishing digital economy.

The announcement unlocks Checkout.com’s proprietary payments platform for Mamo’s SME customers, which offers a complete range of popular payment methods across the MENA region.

Mamo will offer a swift onboarding process for its SME customers that can be done in just 24 hours. Moving forward, SMEs using Mamo Business will have access to multiple payment channels including disbursements, invoicing, payment links, e-wallets, API integrations, and exportable data reporting that helps them to maximize their revenue in every transaction.

Additionally, SMEs can benefit from secure transactions as Mamo is fully regulated and licensed by the Dubai Financial Services Authority (DFSA) and is an officially registered Visa & Mastercard Payment Facilitator.

As part of this agreement, Mamo Business customers will also benefit from the Checkout.com Account Funding Transactions (AFT) feature.

“At Checkout.com, we are committed to providing high-quality payment processing services to our clients. The partnership with Mamo reinforces our commitment to this goal and to supporting the UAE government’s ambition to become a global digital economy leader, all while increasing the contribution of SMEs in this area. Our collaboration with Mamo ultimately guarantees small business owners a secure and swift payment processing capability, which enables them to start their ventures quickly and more successfully,” said Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com.

Imad Gharazeddine, CEO and Co-founder of Mamo added, “Digital commerce in the UAE and wider GCC is evolving at pace, and the demand for FinTech companies that can offer easy-to-deploy solutions to merchants is on the rise. We believe this strategic collaboration with Checkout.com is key to growing the ecosystem in line with UAE’s digital agenda and Dubai’s D33 economic agenda.”