Pyypl, a fintech company operating in the Middle East and Africa (MEA), has teamed up with Visa to offer virtual and physical prepaid Visa cards through its mobile app. This partnership aims to enhance financial inclusion in the region by providing wider access to prepaid Visa cards across various markets. The initiative has received approval from local regulators.
The fintech operates in several African and Middle Eastern countries, with a mission to digitize financial services for 850 million underserved smartphone users. The integration of Visa’s virtual cards is expected to significantly broaden access to financial services.
“With the support of local regulators, Pyypl is able to provide access to prepaid Visa cards in these markets, fast-tracking financial inclusion across the MEA region,” Pyypl stated.
The CEO and co-founder of Pyypl, Antti Arponen, emphasized the strategic importance of the partnership: “Working closely with Visa and local regulators in new markets, we are focused on growing Pyypl’s presence and contributing to advancing financial inclusion across the region.”
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The Vice President and head of strategic partnerships and ventures for CEMEA at Visa, Hasan Kazmi, added: “We believe in empowering underbanked consumers by providing them with innovative, secure payment solutions. This not only gives them access to the digital economy but also helps them thrive in this increasingly digital age.”
