NymCard acquires Spotii to offer BNPL-in-a-Box for Banks and Financial Institutions
12th June 2023, Dubai: NymCard, the leading payments infrastructure provider in the MENA region, has completed the acquisition of Spotii, a prominent Buy Now Pay Later (BNPL) Fintech operating in key markets including KSA, UAE, and Bahrain. This strategic move positions NymCard to offer its financial services client base a fully customisable BNPL product tailored […]
Embedded Finance: The Next Big Disruption
The world around us is changing rapidly. Across all industries, sectors, and geographies, digital technologies create new business models and enhance customer experience. Every aspect of businesses, from where we work to the work we do, is fundamentally different from what it was a few years ago. Today, businesses have started thinking about digital technologies […]
Release Highlights | Q1 2023
Our team has been hard at work to bring you and your customers enhancements across various categories this quarter. In this update, we are introducing new features such as tokenization, detailed fee descriptions, additional transaction information, new web-hook events, improvement to MCC list management and more. Read on to learn what these updates mean for […]
Unlock Global Opportunities with NymCard
How You Can Capture a Piece of the $200B Cross-Border Payments MarketWe’re all hearing about the post-pandemic travel boom – in 2022, around 900 million tourists took to the skies internationally [1], with that number expected to grow by 30% in 2023 [2]. With this resurgence in travel comes a demand for an easier, cashless payment alternative […]
NymCard Signs 3 MoUs with FinTechs at Seamless KSA: Wally, Pemo, and Lamha
NymCard participated as a sponsor at the Seamless event in Saudi Arabia which gathers the banking and financial services industry to provide a platform to explore and collaborate. The event saw over 200 speakers and many key players that are contributing to the thriving FinTech ecosystem in KSA and the region. At the event, innovative […]
Fexco and NymCard’s Partnership brings Next Generation Multi-Currency Issuer Services to MENA
NymCard to utilize Fexco’s capability to provide Treasury as- a-Service to minimize both risk and cost to rapidly deploy multi-currency programmes across the MENA region.The partnership will deliver new volumes and revenue lines to issuers who can optimize cross-border settlements, reducing costs and boosting profitability. Financial Technology Company, Fexco, and NymCard, MENA’s only Plug and Play Banking as-a-Service […]
Mastercard Welcomes NymCard as Principal Mastercard Issuer to Boost UAE Fintech Landscape
Mastercard has certified NymCard, a plug-and-play banking-as-a-service (BaaS) provider, as a Principal Mastercard Issuer in the UAE. The milestone announcement marks the first time a fintech in the UAE is licensed to issue cards by Mastercard. The license from Mastercard enables NymCard to become the UAE’s one-stop provider for fintechs and digital partners, removing the need […]
NymCard Breaks New Grounds Closing $22.5m in Funding
NymCard – MENA-based Banking as-a-Service (BaaS) provider and card issuer has raised $22.5M in its latest Funding round. This will help it enable MENA-based FinTechs with the infrastructure required from BIN Sponsorship, Card Issuing, Program Management, Compliance, FX, and Treasury, leverage its over 150+ modern and open APIs on a platform that was developed from […]
NymCard appoints seasoned payments and banking expert, Mario Wehbe, as Chief Product Officer
NymCard, the only MENA-based BaaS in the region, rounds out its leadership team with the addition of Mario Wehbe as Chief Product Officer. Mario has close to 20 years of experience in banking and payments with successfully scaling teams and leading impressive business expansions. NymCard plans to enhance and expand its products with more innovative […]
NymCard has expanded its operations to Egypt and has appointed Omar El Moataz as Country Manager.
Today, the only MENA-based BaaS provider announced the addition of Country Manager Omar El Moataz, who has come from Mastercard to NymCard, to head its office and operations in Egypt. NymCard’s BaaS Infrastructure will be a core base for FinTech startups in Egypt to issue payment cards at speed and with less friction enabling innovative […]
