Arab Financial Services (AFS), the Middle East and Africa region’s digital payment solutions provider and fintech enabler, has signed a strategic agreement with Mediterranean Bank to support its USD international card programme. Through this collaboration, AFS will deliver comprehensive card processing and sponsorship services, driving the expansion of advanced payment technologies and services in Libya.
This partnership opens the door for further collaboration to drive innovation and enhance the payments landscape, introducing new technologies and providing customers with secure, seamless payment solutions.
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AFS CEO, Samer Soliman, said: ‘We are delighted to collaborate with Mediterranean Bank to introduce innovative payment solutions to Libya. This strategic alliance aligns with AFS’s mission to empower financial institutions in the region with advanced technology and seamless services. By leveraging Mediterranean Bank’s international USD card programme, we aim to foster a robust and flexible payment ecosystem for Libyan consumers.”
AFS is owned by 37 banks and financial institutions and serves over 60 clients in more than 20 countries across the Middle East and Africa
Mediterranean Bank Assistant General Manager, Mohammed Ben Omran, added: “Our partnership with AFS represents an important milestone in Mediterranean Bank’s journey to bring modern financial services to our customers. By leveraging AFS’s expertise, we look forward to introducing new payment technologies that will enhance the financial experience for our clients, while laying a foundation for further innovation and growth in Libya’s payments sector.”
As both organisations look toward future initiatives, this collaboration will pave the way for greater technological advancements, benefiting businesses and individuals across Libya
Arab Financial Services (AFS) was formed in 1984 to provide payment products, services and expertise to banks and merchant groups and deliver customised payment solutions in an increasingly divergent, disruptive, and dynamic payment ecosystem.
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