Mamo Pay ( www.mamopay.com ), the MENA region’s highly anticipated peer-to-peer mobile payments app, today announced that it has joined Visa’s Fintech Fast Track program, allowing Mamo Pay to reach a wider audience, and benefit from the capabilities, and security of VisaNet, Visa’s global payment network. Through Fast Track, Mamo Pay and Visa will partner on a number of initiatives including launching prepaid cards to accelerate financial inclusion and cashless adoption in Mamo Pay’s key markets.
The Mamo Pay platform empowers users and businesses to effortlessly manage their money through an app that demonstrates simplicity, and utility – adopting a customer-first approach. Mamo Pay has a unique empathetic vision that champions mindful and equitable finance coupled with a delightful user-centric experience, and a service that connects with people.
By joining Visa’s Fintech Fast Track Program, Mamo Pay now has the ability to access Visa’s growing partner network and experts helping them integrate with existing financial services in the most efficient way possible.
Learn more about Visa’s Fintech Fast Track program at https://Partner.Visa.com.
“Less than half of adults in the MENA region have access to a formal bank account, while even those that do, are often forced to rely on cash”, said Mamo Pay Co-founder Mohammad El Saadi. “Mamo Pay not only increases speed but removes all of the hassle associated with banking in the MENA region while also providing financial access to those that have been excluded from the traditional financial system. We are excited about partnering with Visa to deliver an intuitive, fast and effortless payments service to users and businesses across the region” El Saadi continued.
“By joining Visa’s Fast Track program, exciting fintechs like Mamo Pay gain unprecedented access to Visa experts, technology, and resources,” said Otto Williams, Vice President, Strategic Partnerships, Fintech and Ventures, CEMEA at Visa. “Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency. We’re delighted to welcome Mamo Pay into our program and look forward to working with them on their payment solutions that will help promote financial inclusion in the MENA region.”
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About Mamo Pay
Mamo Pay’s mission is to simplify everyday payments. With trust, traceability, and transparency at the top of its agenda, Mamo Pay’s vision is to accelerate the MENA region towards digital payments and to propagate financial inclusion and literacy across the region’s economically diverse communities, through its Mamo Mentor ( www.mamopay.com/mentor ) blog.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second.
The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit www.visamiddleeast.com , Visa MENA Blog or follow us on Twitter @Visamiddleeast.
For further information, visit: www.mamopay.com
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