Arab Financial Services (AFS) has announced a strategic partnership with UAE-based Zand Bank to offer fintechs access to BIN sponsorship, payment processing services, and banking solutions. This collaboration will enable emerging financial players to issue prepaid cards and introduce innovative banking products with a strong focus on security and efficiency.
Through Zand Bank’s BIN sponsorship and AFS’s state-of-the-art card processing technology, fintech companies will benefit from a streamlined entry to the market. This alliance supports the fast-paced development of secure financial solutions, boosting the fintech ecosystem in the region.
About AFS and Zand Bank
Arab Financial Services (AFS) was established to provide cutting-edge payment solutions to banks, financial institutions, and merchants. Known for delivering tailored services, AFS has become a leader in navigating the evolving financial landscape.
Zand Bank, a fully licensed financial institution, is committed to driving digital innovation, promoting sustainable growth, and creating positive impacts in the digital economy. The bank offers clients an opportunity to explore new avenues for business expansion while maintaining strict adherence to regulatory requirements.
Shared Vision for Digital Economy Growth
The partnership highlights a joint commitment by AFS and Zand Bank to fuel the growth of the digital economy. By delivering essential infrastructure and compliance frameworks, the collaboration reduces barriers for fintechs, making it easier for new entrants to focus on growth and customer acquisition.
This initiative aims to foster a more inclusive and competitive financial landscape by enabling fintechs to deliver enhanced services. As both organizations continue to meet the needs of the ever-changing market, they are committed to improving customer satisfaction while staying compliant with local regulations.
The AFS-Zand Bank collaboration sets the stage for accelerated fintech development, helping innovative financial products reach the market faster. Ultimately, this partnership will contribute to a thriving fintech ecosystem fintech innovation, ensuring that businesses and consumers benefit from enhanced security, efficiency, and innovation in financial services.
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