News

Digital Banking App Pyypl Is Now A Visa Principal Member

The fast-growing fintech is now officially able to issue prepaid Visa cards from its UAE base, paving the way for further international expansion.

Published

4 days ago

June 24, 2024

Nour Nasir

Pyypl

UAE-based personal finance app Pyypl (pronounced “people”) has announced a Principal License Membership and Strategic Framework Agreement with international card issuer Visa. The license enables the fintech company to directly issue prepaid Visa cards, paving the way for further expansion across the Middle East and Africa (MEA).

Pyypl is already one of the fastest-growing MEA fintechs and is on a mission to become the region’s leading “one-stop fintech ecosystem”. Powered by 100% in-house-built technology, the company’s app offers banking and payment services to hundreds of thousands of financially underserved users across Africa and the Middle East.

Pyypl’s Strategic Framework Agreement with Visa is significant, as it recognizes the license approval process in other markets that the fintech company plans to enter. With support from local regulators, Pyypl can now offer internationally accepted virtual and physical prepaid cards, as well as instant user-to-user transfers and remittances to 80 countries.

Also Read: A Guide To Digital Payment Methods In The Middle East

Antti Arponen, CEO and co-founder of Pyypl commented: “We are excited to announce our partnership with Visa. 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. 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”.

“We are delighted to welcome Pyypl to our mission of advancing financial inclusion,” says Hasan Kazmi, VP, head of strategic partnerships and ventures – CEMEA, Visa. “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”.

News

Amazon Prime Day 2024: Get Ready For 6 Days Of Amazing Deals

The hotly-anticipated annual event has been extended to nearly a full week, with hot offers arriving from July 16 to July 21 exclusively for Prime members.

Published

2 hours ago

June 28, 2024

Nour Nasir

Amazon

Amazon’s highly anticipated Prime Day event is returning this summer on Amazon.ae, exclusively for Prime members. This year, for the first time in the UAE, Prime Day will span six full days, kicking off at 00:01am (local UAE time) on July 16 and running until July 21. During this period, Prime members in the UAE can look forward to substantial discounts across over 30 product categories, including electronics, gaming, fashion, beauty, Amazon Fresh grocery, kitchen, home, health, sports, and Amazon Devices.

Prime members shopping on Amazon.ae will have access to an extensive selection of deals from leading local and international brands such as Nivea, Samsung, Skechers, Guess, Joseph & Joseph, Cetaphil, Nespresso, Black+Decker, Microsoft, Lenovo, Lego, OnePlus, Anker, Roborock, and many more, including local small and medium-sized businesses.

Also Read: Top E-Commerce Websites In The Middle East In 2024

Additionally, Prime members will benefit from Prime Day deals available on Amazon US, UK, and Germany through the Amazon.ae Global Store, featuring free international shipping with no minimum purchase required.

Stefano Martinelli, Vice President of Amazon UAE and Saudi Arabia, said: “This is the first year in the UAE that we extend Prime Day for six full days, catering to customer demand, and we look forward to celebrating this with members across the country as we show up for them with incredible deals. Prime Day will always be the most compelling time to join Prime to enjoy savings, convenience, and entertainment all rolled into one single membership, it’s about getting the most value out of Amazon”.

Preparing For Prime Day

Not a Prime member yet? There’s still plenty of time to join Prime and start saving while enjoying fast free delivery! Members can join Prime at Amazon.ae/prime for AED 16 per month or an annual fee of AED 140.

As well as benefiting from the epic deals on offer, a Prime membership also gives members access to year-round features including Prime Video, Amazon Fresh grocery and everyday essentials, and Prime Gaming.