
Emirates NBD and Visa partner to launch Visa Commercial Pay – Mobile in the UAE
With the current challenges automation and digitisation for B2B Payments, Emirates NBD and Visa's virtual card capabilities are aimed at revolutionising payments on card rails. These capabilities drive working capital benefits and tokenized solutions through secure channels. Additionally, they provide key insights for real-time decision making, business planning, and enable mobile payments.
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Al Bawaba
22-06-2025
- Al Bawaba
Visa Expands Stablecoin Initiatives in CEMEA
Visa (NYSE: V), a global leader in digital payments, announced significant advancements in its stablecoin initiatives, with expanded settlement capabilities in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region and a strategic partnership with Yellow Card, a leading pan-African fintech. These efforts further underscore Visa's vision for transforming money movement and building the next generation of payment infrastructure through innovative technology. With the payments landscape more dynamic and competitive than ever, stablecoins are emerging as one of the most promising tools for faster and more accessible digital payments. Godfrey Sullivan, Senior Vice President and Head of Product and Solution for CEMEA at Visa, said, 'In 2025, we believe that every institution that moves money will need a stablecoin strategy. As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments.' Modernizing Settlement Infrastructure Visa is expanding its stablecoin settlement solution to select issuers and acquirers in CEMEA, enabling USD cross-border transactions through blockchain technology. This initiative helps reduce settlement costs, enhances liquidity management, and can support 365-day settlements, including weekends and holidays. In 2023, Visa became one of the first major payments networks to settle transactions in stablecoin when it piloted enabling clients to fulfill their settlement obligations in USDC. To date, over $225 million in stablecoin volume has been settled through Visa across participating clients. Enhancing Cross-Border Money Movement Visa is partnering with Yellow Card, a leading pan-African fintech, to explore stablecoin use cases and opportunities across markets where Yellow Card is licensed to operate to help streamline treasury operations and enhance liquidity management. The partnership is intended to test integration opportunities with Visa Direct to further investigate and expand cross-border payment options. As one of the world's largest digital payments networks, Visa Direct enables secure and seamless funds delivery across more than 190 countries and territories. Chris Maurice, Co-Founder and CEO of Yellow Card, said, "Together with Visa, we're building a bridge between traditional finance and the future of money movement. We look forward to continuing to innovate new solutions that can transform how money moves for even more secure, efficient, and transparent payment solutions."


Al Bawaba
20-06-2025
- Al Bawaba
Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa
Visa (NYSE: V) today announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In his new role, the established Visa leader will be responsible for leading operations across more than 86 innovative and fast-growing markets. Visa's CEMEA operations today serve more than 1,800 clients from 23 local offices across the Muhmood brings more than 30 years of banking and payments experience to the role. He most recently served as head of Value-Added Services for Visa's Europe region, based in London, and originally joined Visa in 2019 as Group Country Manager for Southeast Asia, based in Singapore. Prior to joining Visa, Mr. Muhmood held senior leadership positions with Ahli United Bank, ANZ and HSBC. Mr. Muhmood will be based in Dubai, and will take on the role effective immediately, reporting to Oliver Jenkyn, Group President, Global Markets, Muhmood succeeds Andrew Torre, who was recently appointed as President of Visa's Value-Added Services business, which has rapidly grown into a $9B global business and has delivered annualized revenue growth of 20% since 2021.'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' said Mr. Jenkyn. 'During the course of his career, Tareq has worked in 13 countries, and brings unique global perspective, world-class leadership and a proven track record partnering with Visa's largest clients across diverse, complex and rapidly accelerating markets.' 'It is a great honor to lead the CEMEA region, and to continue the tremendous progress that has been made in transforming the future of payments, commerce and money movement across so many dynamic markets,' said Mr. Muhmood. 'Having spent more than a third of my career in the region, I am excited by the incredible opportunity to further expand digital payments amongst more consumers, merchants and economies. I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region.'


Al Bawaba
12-06-2025
- Al Bawaba
Visa Signs Football Phenom Lamine Yamal as Global Ambassador for FIFA World Cup 26™
With exactly one year to go until the FIFA World Cup 26™ kicks off across Canada, Mexico and the United States, Visa (NYSE: V) — a global leader in digital payments and long-standing supporter of world football — today announced that Lamine Yamal, one of the game's brightest rising stars, will serve as a global ambassador for the celebrate the milestone and build momentum toward the largest FIFA World Cup™ in history, Visa will unlock exclusive fan experiences for cardholders — including meet-and-greet opportunities with Lamine Yamal in Barcelona and signed merchandise leading into FIFA World Cup 26™.'Lamine represents the future of football — bold, exciting, and full of potential,' said Tarek Abdalla, Chief Marketing Officer, Visa CEMEA. 'At Visa, we're constantly looking for new ways to connect with fans through the power of sport. As Visa's FIFA World Cup™ ambassador, Lamine embodies the spirit and passion of the beautiful game, inspiring millions of fans worldwide.'Yamal is captivating the football world with record-setting performances, and his skill, speed and vision on the field have made him a breakout global star — and a symbol of where the game is heading. Commenting on the partnership, Lamine Yamal stated, 'Football is more than a game, it's joy and a way to connect with people around the world. I'm proud to partner with Visa to share that passion and inspire people through sport.' As an Official Payment Technology Partner of FIFA, Visa has used the power of football to drive inclusion and access around the world — from grassroots programs to global stages. Through innovative fan experiences, athlete partnerships and exclusive cardholder benefits, Visa continues to redefine what's possible for fans, players, and the future of the game.