areeba, a global payments infrastructure provider, has entered a strategic partnership with Codebase Technologies, a UAE-based digital banking solutions company. The goal is to accelerate digital transformation in the Middle East by offering integrated Banking-as-a-Service (BaaS) solutions. These solutions will help banks and FinTech firms launch modern, scalable digital financial products faster and more easily.
By combining areeba’s payments processing technology with Codebase’s cloud-native Digibanc™ platform, financial institutions will be able to provide comprehensive digital banking services, including card issuance, with less operational complexity. This integration is expected to reduce time-to-market and lower entry barriers, supporting wider financial inclusion across the region.
The Middle East is seeing rapid growth in FinTech activity, driven by a young population where nearly 60% are under 25 years old. Government support for digital innovation further fuels demand for flexible BaaS platforms. These platforms enable banks and FinTech companies to adapt quickly to changing customer needs and remain competitive.
This partnership allows both firms to address the need for modernizing legacy banking infrastructure while delivering better customer experiences. Their combined offering is designed to support digital-first FinTech ventures as well as traditional banks moving toward platform-based models. This shift can reduce costs and speed up product launches.
By working together, areeba and Codebase position themselves at the forefront of digital banking innovation in the Middle East. Their collaboration is expected to enhance digital access and help financial institutions across the region meet evolving market demands.
