AFS and NymCard collaborate to enable and scale the region’s fintech ecosystem
- Date: 21-Sep-2021
- Source: Bizbahrain
- Sector:Financial Services
- Country:Middle East
AFS and NymCard collaborate to enable and scale the region’s fintech ecosystem
NymCard, MEAâs leading BaaS provider and modern card issuing and processing platform has signed an agreement with Arab Financial Services (AFS), the leading digital payment solutions provider and Fintech enabler in the Middle East and Africa, to support the regionâs Fintech ecosystem. AFSâs broad spectrum of services, extensive payments portfolio and in-depth industry knowledge combined with NymCardâs innovative technology will provide clients with a single destination solution to scalable and highly customizable card programs. This agreement will support the emerging business use cases and enhances the extent of digital adoption across the Middle East and Africa (MEA) region through the AFS payment platform combined with NymCardâs modern open API platform. Samer Soliman, AFS Chief Executive Officer, said: âThere is no doubt that the payment industry is continuously transforming, increasingly influenced by Fintech players. As a leading payment provider, we have developed a Fintech strategy that aligns to our organizationâs objectives, nurtures the Fintech ecosystem, and capitalizes on its innovation. One of the key components that drives innovation in todayâs modern payment system is the integration of platforms and solutions that create capability to provide smart and superior product offerings to our clients. Our collaboration with NymCard is yet another step