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NymCard signs a Strategic Partnership Agreement with Data Aggregation and Payment Initiation provider DAPI

20 May, 2022

NymCard signs a Strategic Partnership Agreement with Data Aggregation and Payment Initiation provider DAPI 

Leading BaaS provider and modern card issuing platform NymCard strengthens its value proposition in MENA, by signing a strategic partnership agreement with DAPI, the largest Data Aggregation and Payment Initiation provider in MENA.

NymCard’s recent partnership with DAPI solves for a pertinent point of friction by enabling fintech’s end customers to top up or load their card accounts from any local bank account in real-time, and at a fraction of the cost, making most of the fintech’s business models more profitable.

With over 120 open APIs, NymCard’s modern BaaS platform enables fintechs to fast-track their card issuance allowing them to build with flexibility and speed as well as passport their card programs across multiple markets in MENA and Southeast Asia.

Ihsan Al Hayek, Regional Manager at DAPI MENA said: “We share the same DNA as NymCard, our mission is to support the thriving ecosystem of fintech companies in the region. The DAPI NymCard partnership is a key milestone for the ecosystem.”

Using NymCard’s open API architecture and sandbox, innovators will now be able to create payment programs that support Card to Card, Card to Account, Account to Account or Account to Card transactions enabling fintech’s and tech start-ups to build innovative use cases without friction.

Nabil Tabbara, VP of Strategic Partnerships at NymCard: “We are very excited to have DAPI onboard. Our strategic partnership with DAPI solves a major pain point for clients who are looking to build frictionless card programs. This is a big step forward for the region’s fintech ecosystem as we combine our effort to help them become more profitable. We are certain our partnership will accelerate the rate of fintech innovation resulting in the creation of unique business use cases in the financial services space.”

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