Fintech firm Beyon Money signed a memorandum of understanding (MoU) with financial service provider MBME Pay with an aim for a better payment process as well as providing convenient and efficient transactions to the customers, on Tuesday.
Beharain-based firm said the agreement was signed by Beyon Money executive chief Roberto Mancone and CEO of MBME Group Abdelhadi Mohamed at the tech show GITEX 2023.
The newly collaborated firm said to enhance the payment experience for customers in the United Arab Emirates (UAE), also the MoU outlines key areas of corporation which include payment collection service and expansion of third-party services to facilitate Beyon Money’s operations, which are scheduled to launch in the UAE by the end of 2023.
The collaboration focuses Beyon Money to extend its range of financial services which will be available to its customers through MBME Pay’s Kiosks (a standalone machine). The Beyon Money app’s customers can effortlessly use the payment service through MBNE Kiosks.
Mancone said, ” We are thrilled with our partnership with MBME Pay allowing our mutual clients in UAE to explore a seamless journey between our Beyon Money app and MBME kiosks, in line with regulatory requirements, while fostering our digitalization strategy of international transfers and payments.”
“This collaboration aligns with our commitment to providing innovative solutions and creating a seamless user payment experience, we aim to contribute towards the ongoing digitalisation of the payment landscape in the region.” said Mohamed.
Beyon Money launched an online payment acceptance solution called Beyon Money Checkout, early this month, through a collaboration with peer company Ottu for corporate industry and business in Bahrain.
