areeba Payment Infrastructure Switch, Awarded Visa Certification
Further solidifying areeba’s commitment to providing innovative payment solutions and modern processing services for the MENA region
Beirut, 10th of July 2024 – areeba, a leader in payment solutions and processing services, has completed its in-house developed switch certification with Visa, a world leader in digital payments, becoming one of the pioneering processors in the region to get direct connectivity to the Visa system. Through its proprietary card management platform, areeba can now provide issuers, program managers, and acquirers with processing services and banking-as-a-service solutions; speeding up their time to market and addressing their needs for digital payment strategies.
“We are delighted that our in-house payment infrastructure was granted the Visa Certification. This move not only demonstrates our commitment to innovation, but also provides advanced issuing and acquiring processing solutions across the Middle East and North African region, through a robust system based on open API interfacing and micro-service architecture,” said Maher Mikati, Chief Executive Officer of areeba.
“This milestone further endorses our capabilities and enhances our appeal to banks, neo banks, and fintechs, moving to next generation processors with more advanced, adaptable, and agile solutions.”
"We are pleased to see areeba, a key player in the payment solutions sector, achieve this certification. Their connectivity with Visa is an important step in enhancing the digital payment infrastructure in the MENA region. As Areeba continues to innovate and adapt, they are helping to drive the digital transformation of the banking and payment sector, supporting greater financial inclusion and efficiency. This milestone reinforces the value and agility of next-generation processors like Areeba, and we look forward to our continued collaboration," said Mario Makary, Vice President and Levant Cluster Manager at Visa.
With the Visa certification, areeba solidifies its leadership in MENA Payment Infrastructure, by supporting the digital transformation taking place across the banking and payment sector.
About areeba
areeba is a technology company providing payment infrastructure to empower banks, fintechs and merchants with digital payment solutions and services. With a focus on innovation, agility, and adaptability, areeba offers card issuing, management, and payment acceptance services to help our customers drive their business growth. We ensure rapid onboarding, seamless integration, and customized solutions to meet the evolving needs of the MENA region's dynamic markets.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at About Visa, visamiddleeast.com/blog and @Visacemea
