areeba, a payment processing service provider based in the UAE, has partnered with Dubai-based digital banking solutions company Codebase Technologies to support the rollout of Banking-as-a-Service (BaaS) solutions across the Middle East.
The collaboration is intended to help banks and fintechs launch modern digital financial products and services more efficiently.
By combining Codebase Technologies’ cloud-native SaaS platform with areeba’s payments infrastructure, the partnership offers an end-to-end solution for digital banking and card issuance.
The integrated approach is designed to reduce time to market, support financial inclusion efforts, and drive innovation in the region’s digital finance sector.
Maher Mikati, CEO of areeba, said:
“By partnering with Codebase, we’re combining strengths to expand digital access and create more agile, impactful offerings for banks and fintechs across the region.”
The growth of BaaS in the Middle East is being shaped by rapid digital adoption, a predominantly young population, and the rising popularity of fintech solutions.
With around 60% of the population under the age of 25, the region is seeing increased demand for tech-enabled financial services.
This shift has encouraged both governments and financial institutions to explore scalable digital platforms to meet changing expectations.
Tamer Mauge, Managing Director – MENA at Codebase Technologies, added:
“Our Digibanc™ platform was built to deliver the flexibility, scalability, and speed that today’s digital financial institutions demand. We’re excited to partner with areeba, to help accelerate digital banking innovation across the region.”
The collaboration represents an effort to simplify the process for financial institutions to enter the digital space, offering a cost-effective and scalable way to build and expand digital banking capabilities.
Featured image credit: Codebase Technologies
