UAE’s Mashreq Bank taps i2c for digital payment capabilities
UAE’s Mashreq Bank has tapped US-based payment and banking solutions provider i2c as it looks to offer digital payment solutions to fintechs in the region.
Through the partnership, i2c’s Software-as-a-Service (SaaS) platform will be used by Mashreq to offer digital payment experiences to its consumers, merchants and fintech clients.
Merchants and fintech partners of the bank will be able to create custom payment programmes, issue virtual and physical cards, multi-currency virtual wallets, and digital IBANs through i2c’s ”plug and play” SaaS platform.
Consumers will gain access to virtual cards and in-app account management capabilities through the partnership.
“UAE has seen significant growth and opportunity within the fintech space, making the country a key fintech hub,” says Kartik Taneja, head of payments at Mashreq.
“As we continue to focus on driving growth and innovation in the region, our partnership with i2c will enable us to support the fintech ecosystem with speed and agility.”