Latest news with #MoneyHash
Zawya
22-05-2025
- Business
- Zawya
MoneyHash and Lean partner to bring instant bank payments to UAE merchants
Dubai, UAE – MoneyHash, the Middle East and Africa's leading payment orchestration platform, has announced a strategic partnership with Lean Technologies, the region's leading financial infrastructure platform, to bring instant Account-to-Account (A2A) payments for e-commerce and digital-first businesses across the UAE. The partnership enables merchants to offer seamless, bank-direct payments at checkout, reducing card processing fees, improving checkout experiences, and enhancing cost efficiency. Powering Pay-by-bank with Lean and MoneyHash Through this partnership, MoneyHash and Lean Technologies are making pay-by-bank (A2A) capabilities more accessible to merchants across the UAE—enabling seamless, secure bank-direct payments directly within checkout flows. By integrating, businesses can activate pay-by-bank options without added complexity, unlocking faster implementation and a more intuitive customer experience. 'MoneyHash's orchestration layer is designed to simplify access to modern payment methods while supporting our partners' innovations,' said Mohamed Amir, Head of Sales and Solutions at MoneyHash. 'Our partnership with Lean reflects a shared vision of delivering seamless, cost-effective, and secure payment experiences tailored to the needs of businesses and consumers in the UAE.' Lean's technology enables direct and secure access to bank accounts for both data sharing and payment initiation. Integrated into MoneyHash's unified API, merchants can now offer customers the ability to pay directly from their bank accounts —instantly, securely, and without needing a card. 'We're proud to partner with MoneyHash to help merchants improve cost efficiency and offer better payment experiences,' said Omar Hamada, VP of Sales & Partnerships at Lean Technologies. 'This collaboration makes pay-by-bank more accessible to businesses of all sizes without compromising on speed, security, or user experience.' Advancing Regulatory and Consumer-Driven Innovation This collaboration not only empowers merchants but also supports the region's broader regulatory vision. Both MoneyHash and Lean operate with a strong compliance focus, regulated under Abu Dhabi Global Market (ADGM) in the UAE and Saudi Central Bank (SAMA) in KSA. By making A2A payments commercially accessible, the partnership strengthens the UAE's growing fintech ecosystem while supporting national goals around financial inclusion and digital transformation. From a consumer standpoint, the integration reduces friction in checkout journeys, especially for users preferring direct-from-bank transactions over traditional card payments. For merchants, it means lower transaction fees, reduced fraud risk, and fewer chargebacks, all accessible through a single integration point. About MoneyHash MoneyHash is the first and leading payment orchestration and revenue operations platform built for the Middle East and Africa. Through a unified API, the platform enables businesses to integrate and manage payment service providers, optimize transaction routing, minimize failure rates, and centralize reporting and operations. Designed to remove complexity from payments, MoneyHash equips businesses with the tools to scale quickly across markets while maintaining control, flexibility, and performance. Learn more at About Lean Technologies Lean Technologies is the region's leading financial infrastructure, offering secure and developer-friendly APIs that enable businesses to connect to their users' bank accounts for both data and payment initiation. Lean is licensed and regulated by ADGM and SAMA, and is committed to building infrastructure that powers the next generation of financial innovation in MENA. Learn more at
Zawya
03-03-2025
- Business
- Zawya
MoneyHash named a UAE Future 100 winner, recognized for driving innovation in the fintech sector
United Arab Emirates – MoneyHash, the leading payment orchestration platform revolutionizing the Middle East and Africa (MEA) region, today announced it has been selected as a UAE Future 100 winner for 2025. This prestigious accolade, a collaborative initiative between the UAE Ministry of Economy and the Government Development and the Future Office, recognizes MoneyHash as one of the top 100 emerging companies significantly enhancing the competitiveness of the UAE's future economic sectors. Founded in 2021 by Nader Abdelrazik and Mustafa Eid, MoneyHash has rapidly become a pivotal player in the fintech landscape. The company's unified API and streamlined checkout experience address the complexities of payment infrastructure in the MEA region, empowering businesses to thrive. "We are incredibly honored to be named a UAE Future 100 winner," said Nader Abdelrazik, CEO of MoneyHash. "This recognition is a testament to our team's dedication to transforming payments from a liability into a strategic advantage for businesses operating in emerging markets. We are proud to contribute to the UAE's vision of becoming a global hub for innovation and the new economy." MoneyHash's selection follows its recent $5.2 million pre-Series A funding round, led by Flourish Ventures, positioning the company for accelerated growth and expanded reach across the MEA region and beyond. The platform tackles critical challenges such as high payment failure rates and fraud risks. By integrating over 300 payment service providers across 100+ markets, MoneyHash enables businesses to efficiently scale their payment operations. The UAE Future 100 initiative highlights companies from a diverse range of new economy sectors, including fintech, sustainability, creative industries, health technology, and more. MoneyHash's focus on fintech innovation directly supports the UAE's transition towards a flexible, innovation-based economic model, aligning with the "We the UAE 2031" vision. MoneyHash's current portfolio includes regional unicorns like Tamara and Kitopi, and the company remains dedicated to simplifying and optimizing payment processes for businesses across the MEA region, contributing to the development of the fintech ecosystem and supporting the UAE's vision for a diversified and sustainable economy.
Zawya
11-02-2025
- Business
- Zawya
Tawuniya selects MoneyHash to optimize payment performance
The Company for Cooperative Insurance (Tawuniya), the largest insurance company in MENA, today announced a strategic partnership with MoneyHash, the Middle East and Africa's leading payment orchestration platform, at LEAP 2025 in Riyadh. This collaboration aims to optimize Tawuniya's payment performance, deliver a seamless customer experience, and empower the company to stay ahead of the curve with next-generation payment solutions. Optimizing for the Future Through this partnership, Tawuniya leverages MoneyHash's innovative payment orchestration platform to streamline its payment infrastructure. This collaboration will enable Tawuniya to: Enhance Payment Performance: By integrating with a diverse range of payment methods and optimizing routing, MoneyHash will help Tawuniya increase payment success rates and reduce processing times. Deliver a Superior Customer Experience: MoneyHash will enable Tawuniya to offer a seamless and convenient payment experience to its customers through features such as one-click payments, flexible payment schedules, and personalized payment options. Embrace Next-Gen Payment Solutions: MoneyHash's cutting-edge technology positions Tawuniya at the forefront of the insurance industry's digital transformation journey. A Commitment to Innovation 'Tawuniya is committed to embracing advanced technologies that enhance our customer experience and operational efficiency,' said Abdullah Alsharqi, CTO of Tawuniya. "We are delighted to announce this partnership with MoneyHash at the dynamic LEAP 2025 conference. This collaboration aligns perfectly with our vision for the future, and we are confident that this partnership will empower us to deliver exceptional value to our customers." Setting a New Benchmark 'We are thrilled to partner with Tawuniya, a leading insurance provider in the region, at this year's LEAP conference,' said Nader Abdelrazik, co-founder and CEO of MoneyHash. 'This collaboration signifies a significant step forward in transforming the insurance payment landscape in Saudi Arabia. Together, we aim to set a new benchmark for innovation and customer centricity.' Powering Saudi Arabia's Insurance Revolution As Saudi Arabia's insurance sector continues its remarkable growth trajectory, with gross written premiums reaching SAR 65.5 billion ($17.5 billion) in 2023 and projected to exceed SAR 83.5 billion ($22.3 billion) by 2028, the industry stands as a crucial pillar in achieving Vision 2030's financial sector development goals. With insurance penetration in the Kingdom currently at 1.28% of GDP in 2022 and targeted to reach 4.3% of non-oil GDP by 2030, digital transformation has become a key driver for market expansion and operational excellence. This sector's evolution aligns with Vision 2030's objectives to strengthen the digital infrastructure of the financial services sector, as evidenced by Saudi Arabia securing the second spot among G20 nations in the 2021 Digital Competitiveness and Progress report. About MoneyHash MoneyHash has established itself as a leading all-in-one payment orchestration and revenue operations platform in the Middle East and Africa. Recognized for its innovative approach, MoneyHash addresses key challenges that businesses face in the realm of digital payments. These challenges range from the prolonged efforts required to integrate with multiple payment providers, to tackling issues like low conversion rates, payment failures, inefficient payment flows, and mitigating fraudulent activities. At the heart of MoneyHash's mission is the simplification and optimization of payment infrastructure. By streamlining these critical processes, MoneyHash empowers businesses to not only overcome operational hurdles but also to focus on their core growth and expansion strategies.
