Through Visa’s platform, the fintech startup will be able to access a vast network of tech and banking experts to help Mamo Pay reach audiences far and wide.
Dubai-based fintech startup Mamo Pay has just joined Visa’s Fintech Fast Track Programme. The programme was expanded to the MENA region early in 2019 as part of the payments giant’s efforts to strengthen the future of digital payment solutions in the region.
In addition to accessing Visa’s unbridled network to expand, Mamo Pay will be able to partner on several initiatives that further cashless solutions in the region; a specially hot topic in the age of the coronavirus.
“Less than half of adults in the MENA region have access to a formal bank account, while even those that do, are often forced to rely on cash,” says Mohammad El Saadi, co-founder of Mamo Pay. “Mamo Pay not only increases speed, but also removes all of the hassle associated with banking in the MENA region while also providing financial access to those that have been excluded from the traditional financial system. We are excited about partnering with Visa to deliver an intuitive, fast and effortless payments service to users and businesses across the region”
Commenting on Mamo Pay coming on board the Fast Track programme, Otto Williams, Vice President of Strategic Partnerships, Fintech and Ventures at Visa, says: “By joining Visa’s Fast Track program, exciting fintechs like Mamo Pay gain unprecedented access to Visa experts, technology, and resources. We’re delighted to welcome Mamo Pay into our program and look forward to working with them on their payment solutions that will help promote financial inclusion in the MENA region.”
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