New paytech Wink Pay launches in Lebanon in partnership with Visa and Codebase Technologies
Lebanese paytech start-up Wink Pay has partnered with digital payments titan Visa and banking solutions provider Codebase Technologies to launch the nation’s first fully digital instant card issuance service for Visa prepaid virtual cards.
Wink Pay launches to boost financial inclusion in Lebanon
Wink Pay aims to boost financial inclusion in Lebanon by offering its citizens the ability to “securely and transparently” manage their payments for local and international transactions without needing a bank account, specifically targeting underserved communities and those in rural areas.
In addition, Wink Pay provides features including virtual card personalisation tools, card-loading agent location tools, and eKYC (electronic know your customer) verification.
Mario Makary, Visa’s VP for the Levant region, says that with the new virtual cards offering, Wink Pay’s customers can “instantly create and access digital payments, significantly improving the customer experience”.
Makary adds that by “leveraging Visa’s secure global payments infrastructure and advanced fraud prevention capabilities, customers can enjoy the peace of mind that their payments are safe and secure”.
Dubai-based Codebase Technologies has been selected for its cloud-native, API-first digital banking solution, Digibanc, which is to serve as the technology stack for Wink Pay’s offering.
Wink Pay is the latest addition to a growing list of financial institutions collaborating with Codebase Technologies for its banking tech solutions. Notably, Bahrain Commercial Facilities Company recently unveiled its new lending app developed in partnership with Codebase Technologies and Atyaf eSolutions.
Similarly, Pakistan’s Raqami Islamic Digital Bank has also recently opted for Codebase Technologies to leverage its Digibanc platform.
