The International Network (Network), the leading enabler of digital commerce in the Middle East and Africa, has announced that it has signed a cooperation agreement with Zand Bank, the first digital bank of the United Arab Emirates.
According to Amac News: In the announcement of the International Network (Network), it is stated that this agreement has been signed with the aim of increasing and expanding financial services for fintechs and startups in the region, a referral cooperation.
According to the announcement, the partnership leverages the network's expertise in card processing to support Zand's goal of being a digital economic accelerator for fintechs by creating BIN sponsorship opportunities and providing access to advanced digital financial services and card schemes for emerging fintechs.
BIN sponsorship allows Zand to empower businesses and fintechs to perform multiple tasks such as issuing cards.