Aafaq Islamic Finance and Arab Financial Services partner to support fintech startups

Aafaq Islamic Finance and Arab Financial Services partner to support fintech startups

PHOTO

Manama, Kingdom of Bahrain: Aafaq Islamic Finance a regional Islamic financial products and services provider, and Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, have entered a strategic partnership whereby jointly, AFS and Aafaaq will support aspiring Fintech startups to launch their products and services in the UAE.

The partnership is integral to AFS’s Regional Partner Program, a program committed to providing a platform for new and existing Fintechs to launch, expand and scale their products across the region. This forms part of AFS’s ongoing regional drive as a leading payments processor and trusted advisor for market expansion to support the payments landscape and provide opportunities to Fintechs to grow exponentially through new and innovative business models.

Rashid Mahboob Al Qubaisi - CEO of Aafaq Islamic Finance – said: “Our partnership with AFS aligns with our commitment to support the UAE’s growing fintech ecosystem, and enhance the inclusive digital business environment. Over the past years, there has been significant growth in financial technology and digital services. We aim to reach a new segment of customers, in order to keep pace with the rapidly growing market. We are excited to work with