UAE-Based BaaS Provider NymCard Joins Visa’s Fintech Fast Track Programmeby Fintechnews Middle East 19. May 2021
UAE-based BaaS provider of embedded finance NymCard announced that it has it has joined Visa’s Fintech Fast Track programme.
The partnership will allow the NymCard’s network of fintech partners to onboard onto Visa’s global network through the latter’s Fintech Fast Track Programme.
This move will give NymCard’s fintech partners, fast tracked access to leverage the reach, capabilities, and security of Visa’s global payment network to help them create innovative payment solutions.
The announcement follows NymCard’s newly launched open API platform that aims to remove the friction from the regional payments industry by making the process of issuing card programs and payment solutions quick and seamless.
NymCard has also previously completed the Visa Ready Issuer Processor programme and its tech solution will be added to Visa’s partner directory listing.
“Our partnership with Visa strategically positions NymCard to be one of the go-to partners for the region’s growing fintech community enabling them to issue and process payment cards seamlessly and in record time.
This allows our fintech customers to focus on building innovative and customer-centric products while leaving the complexities of compliance and relationships with banks on us,”
said Omar Onsi, CEO and Founder of NymCard.
“We are pleased to enter into this partnership, as this is another way for fintechs and startups in the region to have access to state-of-the-art tech infrastructure that enables them to quickly launch digital financial services across the MENA region.
Having NymCard positioned in this space with Visa provides further acceleration to fintech enablement in the region,”
said Otto Williams, SVP, Head of Partnerships, Innovation and Digital Solutions, CEMEA at Visa.