UK-based RedCloud Technologies has partnered with Insiyabi, a Kuwait-based information and communications technologies (ICT) Integrator, for mobile-banking venture in Africa, Asia and the Middle East.
RedCloud executive director for MEA & Asia Faisal Gill said: "RedCloud support those organisations who launch highly disruptive digital financial services whether they are; banks, financial technology (FinTech) business, mobile network operators or other financial service organisations, which are abundant in Africa, Asia and the Middle East."
"Through our partnership with Insiyabi, we are able to offer the powerful RedCloud 1 Platform to thousands of customers through those Regions across both Government and Private Sectors respectively."
Insiyabi CEO Ahmed Siddique Sheikh said: "We are excited about what this Partnership can bring to the Regions we cover."
"With more than $15m USD and 750 Man Years of investment to-date, RedCloud have invested significantly in developing their unrivalled Mobile Financial Service platform; RedCloud 1. The RedCloud 1 Platform is already empowering organisations who are starting to set new industry standards in Mobile Financial Services."