Latest

News

Back

CoinMENA FZE partners with Network International to streamline fiat onramps

Published On : Mar / 19 / 2024

Strategic partnership allows UAE CoinMENA users to instantly deposit funds via cards directly to their wallet

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a strategic collaboration with virtual asset service provider CoinMENA FZE, to provide users with a seamless and secure onramp from fiat to crypto via card deposits.

The announcement was made at a signing ceremony led by Pankaj Kundra, Group Head of Products, Partnerships, and Enterprises at Network International, and Talal Tabbaa, CEO of CoinMENA.

A leading virtual asset service provider, CoinMENA is regulated and licensed by Dubai’s Virtual Asset Regulatory Authority, and the Central Bank of Bahrain. CoinMENA enables investors to buy, sell, send, receive, and store digital assets safely and securely.

CoinMENA Co-Founders Talal Tabbaa and Dina Sam’an said in a joint statement: “Partnering with Network International, the leading enabler of digital commerce in the MENA region, marks a significant milestone in our commitment to providing our users in the UAE with seamless and secure onramps to crypto. With the ability to deposit fiat to their CoinMENA wallet instantly via cards, our users can now experience a streamlined and efficient process. This aligns with our mission to continually enhance the accessibility and convenience of crypto services. We look forward to leveraging Network International's industry leadership in the UAE and providing the best experience possible for our users.”

Pankaj Kundra, Group Head of Products, Partnerships and Enterprises at Network International, said, “Network’s legacy of 30 years of providing cutting-edge payment solutions allows us to capitalise our experience and expertise across next-generation platforms such as crypto and digital asset financial services. Our collaboration with CoinMENA will provide UAE investors with an additional option to use their cards to fund their CoinMENA wallets.”

He added, “Deposits using cards is the most convenient way for users to fund their crypto wallets. We look forward to supporting CoinMENA by strengthening their onramp capabilities, through our best-in-class N-Genius payment gateway. Our partnership further reaffirms our commitment to streamline digital payments in the region in line with the UAE’s bid to become a financially inclusive and cashless economy.”

Latest
News

Sharjah Islamic Bank partners with Network International to offer integrated payment solutions
Dec / 05 / 2024
Network International inks agreement with National Bank of Fujairah to provide omni channel payment solutions
Nov / 18 / 2024
Network International leverages Mastercard’s technology to enable fast and efficient digital payments
Nov / 14 / 2024
Network International partners with Ant International to provide wallet tech solutions to banks, fintechs and telcos in Middle East & Africa
Oct / 28 / 2024
Dubai Department of Economy and Tourism and Network International sign MoU to Boost Dubai’s Digital Economy and Support SMEs
Oct / 18 / 2024
Network International and Boubyan Bank extend partnership to enhance transformation efforts
Oct / 15 / 2024
FOR MORE NEWS, CLICK HERE