Visa, a global payments technology leader, and Whish Money SAL, a leading regional fintech, have announced a strategic partnership aimed at revolutionizing the fintech sector in the region and globally. This collaboration will allow Whish Money to utilize Visa's advanced services and technology for payments and money movement, enhancing its payment solutions and providing more secure and efficient financial services to its customers. Visa, in turn, will expand its service offerings to over 1 million Whish app users.

A signing ceremony marked this significant collaboration, highlighting a new chapter in the fintech landscape. Leila Serhan, Senior Vice President at Visa and Group Country Manager for the North Africa, Levant and Pakistan (NALP) region, emphasized that this partnership is the first in the Levant region with an e-wallet and money transfer company, aligning with Whish on trust and innovation. Visa aims to bring its advanced payment technologies to a broader audience, facilitating seamless and secure money movement worldwide, leveraging Whish's global presence and expansion.

Toufic Koussa, CEO and Co-Founder of Whish Money, expressed excitement about the collaboration, noting that integrating Visa’s cutting-edge technology and services will enhance their payment solutions. He highlighted that this partnership underscores their commitment to innovation, excellence, and the high compliance standards upheld by Visa during the affiliation's due diligence.

The partnership is expected to drive economic growth and set a new benchmark for excellence and security in the industry. Both Visa and Whish Money will leverage their strengths and innovative technologies to bring unparalleled advancements to digital payments and financial services. Whish Money, part of Talaco Group established in 2004, specializes in technology, telecom, software development, money remittance, digital payments, and logistics. It has been a pioneering global fintech platform disrupting the distribution of telecom, ISP, gaming, and gift card vouchers, and digitizing financial services.

With a significant presence including over 1,200 agents in Lebanon and 3,000 points of sale in the UAE, Whish Money serves over 1 million users in over 110 countries. As a licensed and regulated company by the Central Bank of Lebanon, Whish Money adheres strictly to local and international laws, regulations, and best practices, including stringent Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) measures. The company works closely with authorities to detect and prevent financial crime, ensuring secure and reliable financial services through its robust compliance framework and advanced technology.