Commercial Bank of Dubai and Infinios announce strategic partnership

Commercial Bank of Dubai and Infinios announce strategic partnership

Thu 14-10-2021 20:31 PM

























DUBAI, 14th October, 2021 (WAM) -- Commercial Bank of Dubai (CBD) and Bahrain-based fintech Infinios Financial Services B.S.C.(c) (Infinios) today announced a strategic partnership to support the growing fintech ecosystem in United Arab Emirates. Under the partnership, CBD, one of the leading banks in the UAE, will join hands with Infinios, a licensed and regulated card processor and payment services provider that offers next-generation digital banking and payment technology solutions, to enable fintech and digital commerce businesses and drive the take-up of embedded financial services in the UAE to achieve the financial inclusion objectives of the UAE.

The partnership, which aligns with CBD’s focus on innovation and commitment to provide innovative digital financial services to the UAE market, will enable Infinios to expand its regionally unique banking-as-a-service solution (BaaS) to include domestic payment services in the UAE. Infinios’ BaaS offering couples the company’s Infinite Financial Solutions technology platform with its own regulatory licenses and payment network relationships, and with regulated financial services provided by its network of banking partners in MENA, European Union, United Kingdom and United States of America. It provides access to comprehensive