Alaan, UAE’s fastest-growing corporate card solution, and Visa, a world leader in digital payments, announced a landmark five-year deal to digitize expense management processes for businesses in UAE and KSA.
This five-year strategic alliance aims to leverage Visa’s industry-leading payment network, VisaNet, and Alaan’s AI-powered spend management system to deliver enhanced financial control and visibility to businesses across the region. This aligns with the UAE and KSA governments’ cashless society agendas.
As Visa continues to shape the future of payments and money movement for businesses in the region, this partnership comes at a time when the Middle East is experiencing a paradigm shift in the way in which corporate expenses are handled, solidifying the payment technology leader’s commitment to advance the ecosystem.
Alaan’s partnership with Visa represents a significant milestone in the company’s mission as it continues to double down its investment in R&D and innovate its platform for forward-thinking businesses in the Middle East. This alliance will enable Alaan’s clientele to benefit from enhanced efficiency, security, and flexibility in managing corporate spending.
Parthi Duraisamy, CEO at Alaan, expressed enthusiasm about the partnership, stating, “This exclusive alliance with Visa marks a pivotal moment for Alaan. Together, we are not just offering a spend management solution; we are transforming how businesses in the Middle East manage their finances. Our shared vision with Visa to innovate and simplify financial processes will drive unprecedented efficiency and growth for our customers.”
The partnership also includes joint marketing initiatives aimed at accelerating the adoption of advanced spend management solutions in the Middle East. These efforts underscore the commitment of both Alaan and Visa to support the economic growth and digital transformation of the region.
As Alaan and Visa embark on this exciting journey, businesses in the Middle East can look forward to a future where managing corporate spending is not just easier, but also a strategic advantage.
