Latest news with #MaherMikati
Fintech News ME
26-05-2025
- Business
- Fintech News ME
areeba and Codebase Technologies Partner to Expand Digital Banking in the Middle East
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.
Fintech News ME
26-05-2025
- Business
- Fintech News ME
Zoho and areeba Partner to Support Business Digitalisation in the Middle East
Zoho, a global technology company based in India, and areeba, a payment processing service provider based in the UAE, have announced a partnership aimed at accelerating the digital transformation of businesses across the region. As part of the collaboration, Zoho will allocate up to US$5 million in wallet credits to support areeba's business clients in the UAE, Qatar, Iraq, Jordan, Egypt and Lebanon. These credits will allow businesses to access Zoho's suite of more than 55 cloud-based applications. The tools offer a centralised and secure platform to help manage business operations such as invoicing, payments, customer relations and workforce administration. By combining areeba's payment solutions with Zoho's software ecosystem, the partnership aims to equip businesses with enterprise-level tools to improve operational efficiency and support long-term development. 'Through areeba's reach, we are bringing Zoho closer to the heart of business communities across the region. This collaboration breaks down barriers to technology and empowers more organisations to modernise with confidence. It is a powerful step in our mission to grow sustainably by staying locally rooted and globally connected,' said Prem Anand Velumani, Associate Director, Strategic Alliances, Zoho Middle East and Africa (MEA). 'We are excited to partner with Zoho to bring added value to our customers by combining robust financial technology with world-class business software,' said Maher Mikati, CEO, areeba. 'This partnership is a major step forward in our mission to empower businesses with innovative, localised solutions,' he added. The partnership is expected to launch in the coming months and will offer joint onboarding assistance, educational webinars and custom packages suited to various types of businesses.
Zawya
25-05-2025
- Business
- Zawya
Areeba and Codebase Technologies partnership to address rising demand for banking-as-a-service across the Middle East
Dubai, UAE – In a strategic move to accelerate digital transformation in the financial sector, areeba, a global payment infrastructure provider, has partnered with Codebase Technologies, a UAE-born digital banking solutions provider. This collaboration aims to deliver turnkey Banking-as-a-Service (BaaS) solutions that empower banks and fintechs to rapidly deploy modern, user-centric financial products and services across the region. Combining Codebase Technologies' robust, cloud-native SaaS platform with areeba's advanced payments platform, the partnership enables financial institutions to launch end to end digital bank propositions and card issuance in a scalable, fast, and cost-effective manner. The integrated solution reduces time to market while supporting financial inclusion and accelerating innovation in digital finance. Maher Mikati, CEO of areeba, commented: 'Consumer expectations for digital financial services continue to evolve, and areeba remains committed to meeting those demands with scalable, innovative solutions. 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 Banking-as-a-Service (BaaS) in the Middle East has been accelerated by rapid digital transformation, a predominantly young population, and a surge in fintech adoption. With nearly 60% of the region's population under the age of 25, the market is primed with a tech-native consumer base. This has fueled an exponential rise in fintech ventures across the region, as governments and financial institutions increasingly turn to digital solutions to meet evolving customer expectations—further amplifying the demand for scalable BaaS. Tamer Mauge, Managing Director - MENA of Codebase Technologies added: 'We pride ourselves on being more than just a technology provider, we are advisors and partners, with deep-rooted expertise in the Middle East's banking and fintech landscape. 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.' This partnership marks a key milestone in transforming how financial institutions launch and scale digital services, making advanced digital banking capabilities more accessible and more cost-effective across the Middle East and beyond. About areeba areeba is a global leader in payment infrastructure, empowering banks, non-banks, and fintechs with innovative, scalable, and secure payment solutions. Its comprehensive platform simplifies how individuals and businesses make and accept payments, offering seamless services across the entire payment value chain. A fully integrated ecosystem ensures flexibility and agility in a rapidly changing market, delivering accessible and efficient payment options to individuals, SMEs, and enterprises. Trusted by industry leaders, areeba's technology adapts to any geography, keeping businesses at the forefront of the digital payments landscape. Unlock the potential of seamless payments with areeba. Schedule a demo today at About Codebase Technologies Born in the UAE, built for the world, Codebase Technologies is the MENA region's homegrown digital banking technology powerhouse. As a boutique technology consultancy and transformation partner, Codebase Technologies goes beyond software to deliver real, measurable impact for financial institutions across the globe. With a bold mission to unlock potential through disruptive innovation, Codebase Technologies empowers Islamic and conventional banks, fintechs, neobanks, lenders, and startups to not just digitize, but to differentiate, lead, and grow. Whether launching a greenfield neobank or modernizing legacy infrastructure, Codebase Technologies brings together strategic advisory, technology, and execution into one seamless offering. At the heart of its innovation engine is Digibanc™ an award-winning, cloud-native, and API-first digital banking platform. Digibanc delivers end-to-end capabilities across channels, core banking, lending, card issuance, customer engagement, and more, supported by a robust ecosystem of over 650 market-ready APIs. As one of the world's fastest growing fintechs, Codebase Technologies has redefined what it means to innovate at speed and scale, bridging local insight with global execution. Learn more at: Website: LinkedIn: Youtube: Instagram:
Finextra
23-05-2025
- Business
- Finextra
areeba and Foo forge strategic partnership to drive digital payments services in the Middle East
areeba, a global leader in payment infrastructure, has partnered with Foo, a pioneering provider of digital banking and fintech solutions, to introduce a fully integrated - program for digital services. 0 This bundled offering enables banks and fintechs to build their own secure and scalable card programs and wallets without the need for complex infrastructure. This partnership brings together areeba's modern card issuance platform and Foo's digital capabilities into a seamless solution, combining secure digital onboarding, e-KYC, and tokenization for Apple Pay and Google Pay. By unifying physical and digital issuance tools, the partnership removes traditional barriers and accelerates go-to-market timelines. The program is designed for financial institutions looking to launch modern, compliant, and top-of-wallet card products with speed and flexibility. Maher Mikati, CEO of areeba, commented: 'By integrating our card issuance infrastructure with Foo's onboarding and tokenisation services, we're giving institutions the tools to launch innovative card programs quickly and securely. This partnership reflects our commitment to simplifying how institutions enter and grow within the digital payments space.' 'As demand grows for digital first issuance, our collaboration with areeba delivers a complete CaaS solution that streamlines complexity and enables institutions to scale efficiently,' said Ghady Rayess, CEO of Foo. 'This partnership reflects our shared vision of simplifying how digital financial products are built and delivered without compromising on performance, compliance, or customer experience.' The partnership reflects areeba and Foo's shared commitment to building adaptable, secure, and future ready infrastructure that supports the evolving needs of financial institutions in the Middle East & Arab Region.
Fintech News ME
23-05-2025
- Business
- Fintech News ME
UAE's areeba and FOO Unveil All-in-One Card Issuance Solution for Financial Institutions
areeba, a UAE-based provider of payment infrastructure, has entered into a partnership with FOO, a fintech solutions company headquartered in Dubai, to offer a comprehensive, integrated Card-as-a-Service (CaaS) programme aimed at banks and financial technology firms. The bundled service is designed to help institutions develop and scale secure card programmes and digital wallets without the need for building complex infrastructure. It combines areeba's modern card issuance platform with FOO's digital banking capabilities, offering features such as secure digital onboarding, electronic know-your-customer (e-KYC) processes, and tokenisation support for Apple Pay and Google Pay. According to the companies, the solution allows financial institutions to manage both physical and digital card issuance under a single platform. This unified approach is intended to reduce traditional barriers to entry and speed up the time it takes to bring new card products to market. The programme targets institutions looking to launch compliant, modern card products that are adaptable and prioritise customer accessibility. Maher Mikati, Chief Executive Officer of areeba, commented: 'By integrating our card issuance infrastructure with FOO's onboarding and tokenisation services, we're giving institutions the tools to launch innovative card programmes quickly and securely.' He added, 'This partnership reflects our commitment to simplifying how institutions enter and grow within the digital payments space.' Ghady Rayess, Chief Executive Officer of FOO, said: 'As demand grows for digital-first issuance, our collaboration with areeba delivers a complete CaaS solution that streamlines complexity and enables institutions to scale efficiently.' Rayess also noted: 'This partnership reflects our shared vision of simplifying how digital financial products are built and delivered without compromising on performance, compliance, or customer experience.'
