areeba signs with Sahara Bank to support its debit and prepaid card program
Dubai, November 7, 2024 – areeba, a global leader in payment infrastructure, today announced a strategic partnership with Sahara Bank, one of Libya’s top financial institutions. Under the agreement, areeba will provide advanced issuing and processing services for Sahara Bank’s debit and prepaid card portfolio, supporting the bank's digital transformation efforts. This collaboration will empower Sahara Bank to elevate its digital payment offerings, delivering more innovative and seamless financial solutions to its customers.
“We are pleased to be working with areeba as a trusted partner in order for the bank to put forward new digital payment solutions for the Libyan consumers,” says Hussein Shegroni, Chief Executive Officer, Sahara Bank. “areeba’s experience and expertise will serve us well as we move forward with our digital transformation journey, which allows us to offer innovative payment products and solutions that will meet our customers’ evolving needs.”
“The Libyan market is important to our North Africa strategy,” said Maher Mikati, CEO, areeba. “We are dedicated to a lasting relationship with Sahar Bank and are committed to following through with our end of the bargain by offering cutting-edge, reliable, and highly secure payment solutions that enhance customer accessibility and flexibility for a smooth and fast payment experience.”
About Sahara Bank
Sahara Bank is one of the oldest Bank in Libya, founded in 1964 and offers a wide range of banking services, including retail, corporate, and institutional, in January 2024 has been converted to Islamic Bank. It boasts a network of 60 branches across the country as well as a workforce of 2100 employees and 400,000 private or professional clients.
About areeba
areeba is a global leader in payment infrastructure, empowering banks, non-banks, and fintechs with innovative, scalable, and secure payment solutions. Our comprehensive platform simplifies how individuals and businesses make and accept payments, offering seamless services across the entire payment value chain.
With a fully integrated ecosystem, we ensure flexibility and agility in a rapidly changing market, delivering accessible and efficient payment options to individuals, SMEs, and enterprises alike. Trusted by industry leaders, areeba’s technology adapts to any geography, keeping businesses at the forefront of the digital payments landscape.
Unlock the potential of seamless payments with areeba. Schedule a demo today at areeba.com.
