July 13, 2022: SimpliFi, the leading Cards as a Service (CaaS) platform for MENA and Pakistan, and Infinios Financial Services B.S.C (c) (Infinios), a card processor and payment services provider licensed and regulated by the Central Bank of Bahrain, announce a strategic partnership to support the growing fintech ecosystem in the MENA region. Under the partnership, SimpliFi will utilize Infinios Banking-as-a-Service (BaaS), to accelerate the enablement of digital financial services for businesses in the region.
The partnership aligns with SimpliFi’s vision to offer a one-stop solution for businesses to issue scheme-enabled prepaid cards across MENA and Pakistan, as well as Infinios’ goals to deliver flexible and secure digital banking and payment solutions to Fintechs like SimpliFi.
“We are delighted to be partnering with a strong BaaS player like Infinios that brings together deep domain knowledge and extensive payments experience in the region,” said Ali Sattar, Founder and CEO of SimpliFi. “By combining Infinios’ capabilities with SimpliFi’s deep tech expertise and customer relationships, we will enable businesses to bring innovative propositions to market in record time.”
“The collaboration with SimpliFi is in line with our commitment to supporting the growing fintech ecosystem in the region.” commented Andrew Sims, CEO of Infinios. “This partnership demonstrates how two Fintechs can come together to provide seamless, holistic solutions which enable a rapid route to market for businesses that wish to embed digital financial services into their business processes and applications.”
SimpliFi, a Cards as a Service (CaaS) platform for MENA and Pakistan, provides businesses with a one-stop solution to issue and manage their cards’ program, enabling them to streamline operations, drive new revenue streams, and increase loyalty.
SimpliFi provides a full-stack solution consisting of APIs, SDKs, a client portal, a white-label app, and end-to-end program management capabilities. The Company manages all ecosystem partners required to issue cards, including banks, card schemes, processors, identity verification, card fulfillment, and customer care to deliver a seamless experience across multiple markets. In addition to providing a purpose-built tech stack, SimpliFi manages day-to-day card operations and compliance so businesses can focus on their core strengths whilst leveraging the capabilities and scale of SimpliFi. For further details please visit https://www.simplifipay.com.
Formed in 2014, Infinios Financial Services B.S.C(c) (previously known as NEC Payments B.S.C.(c)) is licensed and regulated by the Central Bank of Bahrain (CBB) as an Ancillary Services Provider, Payment Services Provider, and Card Processor. Infinios built the Infinite Financial Solutions platform from the ground-up, complying with multiple security and business process standards, and working with leading names in the technology and Fintech industries. Its vision is to help digital businesses to thrive and their customers to prosper, and its mission is to enable the growth of digital commerce and the development of superior digital financial services experiences through the provision of innovative, robust and compliant technology solutions. For further details please visit https://www.infinios.com.