Codebase Technologies and Fuze Partner to Accelerate Digital Remittances in MENA
Codebase Technologies has announced a strategic partnership with digital remittance provider Fuze to enhance and accelerate digital remittance services for financial institutions and fintechs across the Middle East and North Africa (MENA) region. This collaboration aims to leverage their combined technologies to offer a more seamless, compliant, and efficient cross-border payment experience.
Key Details
The partnership integrates Codebase Technologies' Digibanc platform with Fuze's robust cross-border payments network. This integration allows banks and fintech companies using the Digibanc platform to quickly deploy and offer comprehensive digital remittance services directly to their customers.
Key features enabled by this partnership include:
Seamless digital customer onboarding processes.
Integrated compliance and regulatory checks for international transfers.
Efficient payment processing powered by Fuze's global network.
Enhanced customer experience for sending and receiving money across borders.
The collaboration focuses on addressing the growing demand for faster, more affordable, and compliant international money transfers within the MENA region, supporting various payout methods including wallet-to-wallet transfers, bank account deposits, and cash pickup locations.
Implications for MENA
For financial institutions and fintechs operating in the MENA region, this partnership provides a significant opportunity to expand their service offerings into the lucrative digital remittance market without building the infrastructure from scratch. By combining a leading digital banking platform with a specialized remittance network, the solution offers a faster time-to-market for new remittance products.
This development is set to contribute to the broader digital transformation of financial services in MENA, making cross-border payments more accessible and user-friendly for the large expatriate population and businesses engaged in international trade.
About Codebase Technologies
Codebase Technologies is a leading global provider of digital banking and FinTech platforms. The company's flagship product, Digibanc, is a cloud-native, API-first platform designed to empower financial institutions and fintechs to rapidly build and launch digital products and services, including digital banking, payments, lending, and more.
Looking Ahead
The partnership is expected to drive innovation in the MENA remittance sector, offering financial providers the tools needed to compete effectively in the digital age. By simplifying the technical and operational complexities of offering cross-border payments, Codebase and Fuze aim to facilitate greater financial inclusion and provide essential services to individuals and businesses across the region.
Source: Fintech News AE