Mamo becomes Visa principal member in the UAE

Mamo becomes Visa principal member in the UAE

Dubai:- Having successfully completed Visa’s FinTech Fast Track Programme, Mamo, a leading Fintech company based in the UAE, announced that it has now become a principal member of Visa in the UAE. This is a momentous milestone for the company that happens after signing a five-year partnership agreement with Visa across the MENA region and launching the Corporate Visa Card program earlier in 2023.

Being a principal member is a mark of distinction and is a testament to the company's compliance with Visa's stringent standards and regulations. The coveted membership now gives Mamo direct access to the Visa network, enabling the company to independently and globally process Visa credit and debit card payments, issue Visa cards, and disburse cash to its customers. Principal members are also authorized to partner with and sponsor other FinTechs directly, by licensing BINs and registering third-party agents.

This strategic partnership empowered Mamo to launch its Mamo Corporate Visa Card earlier in 2023. The Mamo Corporate Visa Card is a key product in Mamo’s “spend management” suite, enabling Mamo Business customers to manage their corporate spends right from within the UAE’s most reliable business payments platform.

Mamo Business now boasts a full suite of financial products