In a move set to revolutionize digital commerce in the Middle East and Africa (MEA) region, Network International (Network), the leading enabler of digital commerce across MEA, has announced a strategic collaboration with CoinMENA FZE, a prominent virtual asset service provider. The partnership aims to provide users with a seamless and secure pathway from fiat to cryptocurrency via card deposits.
The collaboration was formalized at a signing ceremony led by Pankaj Kundra, Group Head of Products, Partnerships, and Enterprises at Network International, and Talal Tabbaa, CEO of CoinMENA.
CoinMENA, a trusted virtual asset service provider, operates under the regulatory purview of Dubai’s Virtual Asset Regulatory Authority and the Central Bank of Bahrain. With a focus on ensuring safety and compliance, CoinMENA empowers investors to buy, sell, send, receive, and securely store digital assets.
CoinMENA’s Co-Founders, Talal Tabbaa and Dina Sam’an, expressed their enthusiasm for the partnership in a joint statement, saying, “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 of Network International emphasized the company’s dedication to pioneering innovative payment solutions, stating, “Network’s legacy of 30 years of providing cutting-edge payment solutions allows us to capitalize on 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.”
Kundra further elaborated, “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.”
This strategic alliance between Network International and CoinMENA represents a significant step forward in democratizing access to cryptocurrency in the MEA region, offering users a secure and user-friendly platform to engage in digital asset transactions.