Pyypl and Visa announce partnership to boost financial inclusion across emerging markets

(MENAFN- Thoburns Communications) Dubai, April 28 2021 - Pyypl, the Middle East and Africa based payment technology company and financial services provider announces a new strategic partnership with Visa - the world leader in digital payments.

Pyypl and Visa have entered into a Strategic Partnership Agreement valid across the Middle East. The companies have a shared commitment to promote financial inclusion in emerging markets, and the Agreement will see collaboration on payment accounts in three separate phases:

• Phase 1 Pyypl card issuance, including contactless products;
• Phase 2 Visa developer APIs; and
• Phase 3 Visa Direct, scan-2-pay, and other innovative products and solutions

This strategic collaboration will provide Pyypl with access to Visa’s international network and expertise in payment solutions. Visa will benefit from Pyypl’s regional expertise and innovative technology platform.

Pyypl provides a digital payments solution for smartphone users, to transact online, without the need for a bank account or credit card. Pyypl gives new levels of security and compliance by leveraging smart contracts, hardware encryption, and machine learning.

Visa, the world’s leader in digital payments. provides products, services, and infrastructure to support global commerce via fintechs, financial institutions, merchants, consumers, businesses, and governments.

Antti Arponen, CEO and Co-Founder of Pyypl, said:

“We are delighted to welcome Visa as a new partner. Visa is globally renowned for its strong industry experience and innovative financial services. Through partnering with Visa, we are looking to take another step forward in promoting greater financial inclusion across the MENA region.”

Otto Williams, Senior Vice President, Head of Partnerships, Innovation and Digital Solutions for Visa in CEMEA commented:

“As money management becomes increasingly digital, fintechs play a pivotal role in helping to restore and rebuild the global economy through these challenging times. It’s thrilling to see fintech partners such as Pyypl utilize our programs and network to digitize financial services and improve the lives of the consumers and businesses they touch.“

Pyypl uses advanced Artificial Intelligence (AI) and Machine Learning (ML) for regulatory compliance, Anti Money Laundering (AML) and Counter Terrorism Financing (CTF).

The platform also conducts real-time Politically Exposed Persons (PEP) and sanctions (both country and individual) screening against latest and historical UNSC, USDT, FATF, OFAC, and EUCFSF records, as well as all local databases.

About Visa

Visa (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit our website ( blog ( and @VisaUK.

About Pyypl

Pyypl (pronounced as “people”) enables digital payments for the approaching 1 billion smartphone users in the Middle East and Africa. Pyypl uses blockchain, de-centralized web, and machine learning for new levels of security and compliance, while delivering a superb digital customer experience. Headquartered in the United Arab Emirates, Pyypl partners with banks and payment networks for building a world-leading FinTech ecosystem in the Middle East and Africa. For more information, visit our website pyypl.com

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