Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, and Aafaq Islamic Finance a regional Islamic financial products and services provider, have entered a strategic partnership whereby jointly, AFS and Aafaaq will support aspiring Fintech startups to launch their products and services in the UAE. The partnership is integral to AFS’s Regional Partner Program, a program committed to providing a platform for new and existing Fintechs to launch, expand and scale their products across the region. This forms part of AFS’s ongoing regional drive as a leading payments processor and trusted advisor for market expansion to support the payments landscape and provide opportunities to Fintechs to grow exponentially through new and innovative business models.
Technology and innovation have become an imperative in today’s modern payments system. AFS recognizes the importance of new-age technology and continues to create shared initiatives and platforms that support the development and growth of the fintech ecosystem. In this collaboration, we are combining expertise and knowledge that provides a framework of BIN sponsorship, Technology, Operation & Distribution to all Fintechs and startups in the UAE. Regulated by The Central Bank of Bahrain, and majority-owned by Bank ABC, AFS boasts numerous ground-breaking end-to-end digital payment services and solutions. These span debit, credit, and Islamic card processing, merchant acquiring, fintech, and a suite of state-of-the-art value-added services. Its dedication to innovation has positioned AFS as a driving market force delivering a rich portfolio of payment solutions including popular digital mobile wallets, market-leading merchant acquiring services, Bahrain’s leading digital payroll solution, global contact centers and more. Providing the highest quality payments solutions that are trusted by businesses, AFS has offices and data centers in Bahrain, the UAE, and Oman.