Pyypl, a fintech company in the Middle East and Africa (MEA), has announced a pivotal partnership with Visa, aimed at revolutionizing financial access across the region. This collaboration includes Pyypl’s attainment of Principal Membership and a trademark license with Visa, empowering Pyypl to issue prepaid Visa cards directly from its UAE headquarters.
The strategic framework agreement accompanying the partnership sets the stage for Pyypl’s accelerated expansion throughout the GCC and Africa. This initiative underscores Pyypl’s commitment to democratizing financial services and marks a significant milestone in its journey towards enhancing financial inclusion.
Antti Arponen, CEO and co-founder of Pyypl, expressed excitement about the collaboration’s potential impact: “Our partnership with Visa represents a major step forward in our mission to provide inclusive financial solutions across MEA. By leveraging Visa’s trusted platform and working closely with local regulators, we aim to bring secure, innovative payment solutions to underserved digital natives in the region.”
Visa‘s Head of Strategic Partnerships and Ventures – CEMEA, Hasan Kazmi, highlighted the strategic alignment: “We are delighted to collaborate with Pyypl to advance financial inclusion. Together, we are empowering underbanked consumers with the tools they need to thrive in the digital economy.”
Pyypl, known for its rapid growth and proprietary technology, is poised to expand its footprint across multiple markets in Africa and the GCC. This partnership not only enhances Pyypl’s service offerings but also supports Visa’s vision to enable 850 million digital natives across MEA with seamless access to financial services.
