Pyypl, the Middle East and Africa based payment technology company and financial services provider has announced a new strategic partnership with Visa – a world leader in digital payments.
Pyypl and Visa have entered into a Strategic Partnership Agreement valid across the Middle East. The companies have a shared commitment to promote financial inclusion in emerging markets, and the Agreement will see collaboration on payment accounts in three separate phases:
- Phase 1 – Pyypl card issuance, including contactless products
- Phase 2 – Visa developer APIs
- Phase 3 – Visa Direct, scan-2-pay, and other innovative products and solutions
This strategic collaboration will provide Pyypl with access to Visa’s international network and expertise in payment solutions. Visa will benefit from Pyypl’s regional expertise and innovative technology platform.
Antti Arponen, CEO and Co-Founder of Pyypl, said: “We are delighted to welcome Visa as a new partner. Visa is globally renowned for its strong industry experience and innovative financial services. Through partnering with Visa, we are looking to take another step forward in promoting greater financial inclusion across the MENA region.”
Pyypl provides a digital payments solution for smartphone users, to transact online, without the need for a bank account or credit card. Pyypl gives new levels of security and compliance by leveraging smart contracts, hardware encryption, and machine learning.
Otto Williams, Senior Vice President, Head of Partnerships, Innovation and Digital Solutions for Visa in CEMEA commented: “As money management becomes increasingly digital, fintechs play a pivotal role in helping to restore and rebuild the global economy through these challenging times. It’s thrilling to see fintech partners such as Pyypl utilise our programs and network to digitise financial services and improve the lives of the consumers and businesses they touch.“
