i2c Signs Partnership with Visa as Fintech Processor in MENA

i2c Inc., a digital payment and banking technology provider, announced on Tuesday that it arranged a partnership with Visa to become its fintech processor in the Middle East and North African region (MENA).

According to the press release, fintechs in the region will be able to tap into the combined companies’ digital-first solutions and advanced payment technologies through this arrangement, which takes advantage of Visa’s global network and i2c’s issuing and processing platform.

“We are honored to have partnered with Visa for Fintech Onboarding in the MENA region. 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,” Amir Wain, the CEO of i2c Inc., commented.

Andrew Torre, the Regional President, CEMEA, at Visa, commented the following: “We see great opportunity to accelerate financial access further and drive innovation in emerging markets, and are proud to be working with leading partners who bring deep market understanding and fintech expertise. 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.”

Collaboration with KARTY

Last month, i2c inc. announced its collaboration with KARTY, a Qatar-based fintech company providing customized digital financial solutions, for the launch of a digital-first prepaid wallet.

Supported by the Research Development Innovation Sector of Qatar Foundation, Qatar Financial Centre and Qatar Development Bank, KARTY aims to revolutionize the financial experience of users in the country. The latest partnership with i2c inc. will enable KARTY’s mobile wallet to provide Visa-branded digital cards and cashless P2P transactions on the Visa network. Moreover, the mobile wallet will include several financial management tools.