Riyadh: Hakbah, an alternative financial saving platform based in Riyadh, Saudi Arabia, today announced that it has joined Visa’s Fintech Fast Track program. Through the Fast Track program, Hakbah is now able to expand its innovation around alternative financial savings to accelerate financial inclusion, cashless adoption, and launch new services and products for underbanked individuals supported by Visa’s solutions.
As an alternative financial saving company, Hakbah will enable users to create a Savings Group within a few minutes and make the hassle-free experience and digital payment between members.
By joining Visa’s Fintech Fast Track Program, Hakbah now has the ability to access Visa’s growing partner network, and experts who can provide guidance in helping them get up and running in the most efficient way possible. Learn more about Visa’s Fintech Fast Track program at https://Partner.Visa.com.
“We are delighted to strengthen relationship with Visa by joining their Fintech Fast Track program which will allow Hakbah to more easily leverage the reach, capabilities, and security of VisaNet, the world's largest digital payments network. Savings Groups continue to play a significant role in increasing financial inclusion and financial literacy given the global market size reaches USD 500 billion annually. Our mission is to modernizing financial saving via our intelligent platform and mobile application to encourage our clients for more and better saving and spending experience,” said Naif AbuSaida, Founder of Hakbah.
“By joining Visa’s Fintech Fast Track program, financial platforms like Hakbah gain unprecedented access to Visa experts, technology, and resources,” said Otto Williams, Vice President, Strategic Partnerships, Fintech and Ventures, CEMEA at Visa. “Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency. We’re delighted to welcome Hakbah into our program and look forward to supporting their mission to modernize financial saving habits that will help promote financial inclusion in the MENA region.”
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About Hakbah Co.
Hakbah is a Saudi prominent Fintech leader in alternative financial saving solutions. Our mission is to modernizing saving habits by developing innovative saving products helps to increase financial inclusion, supporting a cashless society, and closing the gender-gap in saving. Hakbah graduated from DIFC 2019 Fintech Accelerator Programme and part of DIFC Fintech Hive and Saudi Fintech. Hakbah has the Saudi Arabian Monetary Agency’ Permit under Fintech Sandbox for its innovative platform.
For more information, visit www.hakbah.sa or follow us on Twitter @HakbahApp
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second.
The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit www.visamiddleeast.com, Visa MENA Blog or follow us on Twitter @Visamiddleeast.
© Press Release 2020
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