Dubai, UAE – Pyypl, a leading fintech company in the Middle East and Africa (MEA) region, has announced a significant partnership with Visa, enabling it to issue both virtual and physical prepaid Visa cards. This collaboration marks a major milestone in Pyypl’s mission to democratize access to financial services across the MEA region.
Through its Principal Licence membership and strategic framework agreement with Visa, Pyypl is poised to accelerate its international expansion across the Gulf Cooperation Council (GCC) and Africa. The Principal Licence allows Pyypl to issue Visa prepaid cards directly to its hundreds of thousands of active users via its mobile application.
Supported by local regulators, Pyypl plans to extend access to prepaid Visa cards in additional markets, thereby fast-tracking financial inclusion across the MEA region. This initiative aligns with Visa’s growth and innovation strategy aimed at enhancing financial capabilities for 850 million digital natives in the region.
“Our payments ecosystem has multiple benefits for Visa and will accelerate the provision of financial services to the vast population of underserved digital natives in the region,” said Antti Arponen, CEO and co-founder of Pyypl. “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.”
Hasan Kazmi, Vice President and Head of Strategic Partnerships and Ventures – CEMEA at Visa, added: “We are delighted to welcome Pyypl to our mission of advancing financial inclusion. 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.”
Powered entirely by proprietary technology, Pyypl is now operational in multiple markets across Africa and the GCC. The company aims to offer transformational financial services to 850 million financially underserved smartphone users across Africa and the Middle East through a single app. This app features internationally accepted virtual and physical prepaid cards, instant domestic and international user-to-user transfers, and remittance services to 80 countries.
About Pyypl:
Pyypl is a pioneering fintech company operating in the Middle East and Africa (MEA) region. Leveraging 100% proprietary technology, Pyypl provides a range of financial services designed to enhance financial inclusion for the region’s underserved populations. Through its mobile application, Pyypl offers internationally accepted virtual and physical prepaid cards, instant domestic and international user-to-user transfers, and remittance services to over 80 countries. By focusing on the vast population of financially underserved smartphone users across Africa and the Middle East, Pyypl aims to democratize access to essential financial services, enabling greater participation in the digital economy.
