By Leandra Monteiro
At present
- Alain Finance
- Credit score Card
- Credit score Card Administration
Alain Finance, a personal joint inventory firm that makes a speciality of designing and providing different financing options to small and medium enterprises (SMEs) throughout the UAE, has introduced the launch of its bank card choices within the UAE and collaboration with Community Worldwide (Community), an enabler of digital commerce throughout the Center East and Africa (MEA) area.
This collaboration leverages Community’s confirmed experience in offering end-to-end card processing options, enabling Alain Finance to scale back its operational card administration overheads. Community’s established fee infrastructure and value-added revenue-generating and danger administration companies will assist Alain Finance to give attention to differentiating itself as a digital participant within the lending market.
Community Worldwide offers fee options to over 200 monetary establishments within the MEA area. The corporate’s end-to-end card answer for Alain Finance contains high-quality value-added companies reminiscent of 3D Safe, Simple Cost Plans (EPP) at factors of sale, Card Management, and loyalty companies. Community may even assist Alain Finance with the required capabilities for advert hoc issuance of playing cards in digital format for Google Pay and Apple Pay, in step with Alain’s goal of changing into a number one digital participant.
With services and products starting from asset financing reminiscent of loans towards POS and medical factoring to company account administration and commerce finance, Alain Finance will now be capable of streamline all its credit score fee operations by way of Community’s industry-leading platform, whereas additionally having the ability to focus its sources and manpower on enlargement and artistic options growth.
Commenting on the partnership, Navneet Dave, Regional Managing Director – Processing for GCC mentioned, “We’re thrilled to be collaborating with Alain Finance and driving fintech innovation as a necessary a part of enterprise operations, enabling them to not solely supply their clients seamless experiences however to additionally streamline every day business actions for a extra profitable future.”
“The previous 5 years have seen a drastic shift in how clients understand monetary service corporations, resulting in an elevated demand in digital proficiency. We’re proud to be supporting the retail finance ecosystem wants of companies like Alain Finance, offering progressive options to assist them supply their clients value-added companies whereas additionally boosting their operational effectivity throughout the board,” Navneet added.
Abdulaziz Alshareef, CEO of Alain Finance mentioned, “This partnership represents one other milestone achievement within the firm’s mission to assist the UAE financial system by way of an progressive, client-oriented, and business-friendly method, and Community Worldwide is the perfect digital commerce supplier within the UAE that serves our objective.”
“We expect additional demand for bank cards within the coming years, particularly with the UAE authorities’s assist to additional facilitate using digital funds within the nation by way of growing and increasing the fee acceptance infrastructure and laws within the nation,” he added.
