Mamo becomes Visa principal member in the UAE

By Delisha Fernandes

Mamo, a FinTech company based in the UAE, announced that it has become a principal member of Visa in the UAE.

The coveted membership now gives Mamo direct access to the Visa network, enabling the company to independently and globally process Visa credit and debit card payments, issue Visa cards, and disburse cash to its customers.

Imad Gharazeddine, Co-founder, and CEO at Mamo, said, “The Mamo platform aims to help businesses digitize their payment operations, which is aligned with the objective of the Dubai Economic Agenda (D33); to generate an annual contribution of AED 100 billion from digital transformation projects to Dubai’s economy.”

This strategic partnership empowered the FinTech company to launch its Mamo Corporate Visa Card earlier in 2023. The Mamo Corporate Visa Card is a key product in Mamo’s “spend management” suite, enabling Mamo Business customers to manage their corporate spends right from within the UAE’s most reliable business payments platform.

The FinTech company now boasts a full suite of financial products that help businesses digitize their financial operations. This includes payment processing, spend management, as well as APIs and integrations. Combined, this suite of products enables businesses to accept payments globally using multiple currencies and payment methods, issue Corporate Visa Cards and centralize expense management, as well as integrate any and all of Mamo’s capabilities into the business’ unique financial workflows.

“I am delighted to welcome Mamo as a new principal member of Visa, enabling them to extend their services to the MENA region.” said Sara Tabana, Senior Director, Digital Partnerships & Ventures at Visa, GCC. The team’s dedication and efficiency during the onboarding process have been commendable. I eagerly anticipate working together to revolutionize SME Financial Services across the MENA region.”