The partnership will complement and address the already strong fintech ecosystem in that area
Visa and Bankable, the global provider of “Banking as a Service” solutions, announced a strategic collaboration. The partnership covers the Central and Eastern Europe, Middle East and Africa (CEMEA) region.
Both Visa and Bankable aim to accelerate the digital capabilities of financial institutions, build and launch digital banks. What is more, they are willing to reduce cash usage and increase fintech sponsorship in CEMEA.
Bankable is opening an office at the Dubai International Financial Center (DIFC), called Bankable’s Middle Eastern hub. It would accommodate the collaboration between the banking platform and Visa.
The hub will allow the company to engage with the Dubai International Financial Center, the leading financial center of the region, composed of more than 2.000 active registered firms.
At the same time, Bankable will look to expand partnerships enabling faster time-to-market and relevant digital banking initiatives.