Paymentology, a leading global issuer processor, announced signing a referral partnership with Zand Bank, the UAE’s first fully licensed, all-digital bank.
This collaboration focuses on expanding financial services for fintechs and startups, aiming to accelerate innovation and growth in the UAE.
Through this partnership, Paymentology and Zand will enable fintechs to thrive by offering a range of specialised services, including BIN-sponsorship, virtual IBANs, and Client Money Accounts.
These services are designed to help fintechs launch and scale faster, providing them with the infrastructure to bring their solutions to market efficiently, the company said.
Michael Chan, CEO of Zand Bank, said the partnership will foster more synergies in the future.
“Together, we will enable fintechs to bring innovative solutions to market quickly, helping to shape the future of financial services in the UAE,” he said.
Nauman Hassan, Regional Director for MENA, said the partnership with Zand Bank reinforces the company’s commitment to providing the next-generation infrastructure fintechs need to succeed.
“We’re excited to be part of this journey, empowering startups and innovators to create the next generation of financial services that will drive the UAE’s digital economy forward,” Hassan said.
Since 2022, Zand Bank has empowered the Emirates and global corporate, institutional, and wealth clients to unlock new opportunities, foster sustainable growth, and drive positive impacts in the digital economy.
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