Pypl, the financial services platform in the Middle East and Africa, recently announced a strategic partnership agreement with the international company, Visa. This partnership led to Pebble acquiring the main membership and signing a strategic framework agreement with Visa. The partnership solidifies Pebble’s dedication to providing financial services to all and showcases their innovative business model in the market, advancing financial inclusion.
This partnership allows Pebble to issue prepaid Visa cards, both virtual and physical, to hundreds of thousands of active users through their user-friendly application. This move aims to transition users from traditional financial services to the world of digital payments, making transactions easier and safer. The strategic framework agreement emphasizes the commitment of both companies to enhance financial inclusion in the region.
The support of local regulatory authorities will enable Pebble to provide these cards in new markets, accelerating financial inclusion efforts in the Middle East and Africa region. The partnership aligns with Visa’s strategy for growth and innovation, aiming to enhance access to financial services for over 850 million digital service users in the region. Antti Arbonen, CEO of Pebble, shared his excitement about the partnership and the benefits it will bring to Visa and financially excluded individuals in the region.
Hassan Kazemi, Vice President of Visa, expressed his belief in empowering unbanked consumers with secure payment solutions. This partnership not only grants access to the digital economy but also supports individuals in thriving in the digital age. Overall, the collaboration between Pypl and Visa aims to provide financial services to millions of individuals and drive financial inclusion throughout the region.