areeba, a leading payment infrastructure provider, has collaborated with Zand Bank, an AI-powered bank licensed by the Central Bank of the UAE, to support fintechs in launching innovative card programs through a Card-as-a-Service (CaaS) model.
This collaboration enables licensed fintechs, startups, and digital-first companies to fast-track their time-to-market by leveraging Zand’s BIN sponsorship and regulatory framework, paired with areeba’s advanced card issuing and processing capabilities. The combined solution covers the full card lifecycle, from onboarding and KYC to card issuance, transaction processing, compliance, and reporting.
“Our collaboration with Zand Bank marks a significant milestone in our mission to empower fintechs across the region,” said Maher Mikati, CEO at areeba. “By bringing together our technology and Zand Bank’s regulatory sponsorship, we’re creating a turnkey platform that simplifies the complexities of launching and scaling card programs in the UAE.”
Michael Chan, CEO of Zand Bank, commented: “Zand Bank is committed to driving fintech innovation in the region, and empowering the fintech ecosystem to thrive, accelerate, and contribute to the evolution of the digital economy. By leveraging our robust regulatory framework, including our BIN sponsorship, areeba is well positioned to enable fintechs to swiftly go to market, scale up, and succeed.”
The partnership reflects both parties’ commitment to driving innovation and financial inclusion by enabling the next generation of digital financial services.
Fintechs interested in launching prepaid card products under this new CaaS model can now benefit from a seamless integration process, reduced compliance burden, and faster go-to-market execution.
About areeba
areeba is a global leader in payment infrastructure, empowering banks, non-banks, and fintechs with innovative, scalable, and secure payment solutions. Its comprehensive platform simplifies how individuals and businesses make and accept payments, offering seamless services across the entire payment value chain.
A fully integrated ecosystem ensures flexibility and agility in a rapidly changing market, delivering accessible and efficient payment options to individuals, SMEs, and enterprises. Trusted by industry leaders, areeba’s technology adapts to any geography, keeping businesses at the forefront of the digital payments landscape.
About Zand Bank
Licensed by the Central Bank of the UAE, Zand is an AI-powered bank founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi).
Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy.
Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank.
Zand, the AI-powered bank for the digital economy.
For more information, please visit www.zand.ae. For media inquiries, please email: media@zand.ae
