“Alaan and Visa announce significant 5-year partnership to promote cashless initiatives in UAE and KSA”

Alaan, a rapidly growing corporate card solution in the UAE, has announced a groundbreaking 5-year partnership with Visa, a global leader in digital payments. The aim of this strategic alliance is to digitize expense management processes for businesses in the UAE and KSA.

By leveraging Visa’s renowned payment network, VisaNet, and Alaan’s AI-powered spend management system, this collaboration seeks to provide businesses across the region with enhanced financial control and visibility. The initiative is in line with the cashless society agendas set by the governments of the UAE and KSA.

In the midst of a changing landscape for corporate expenses in the Middle East, this partnership demonstrates Visa’s dedication to advancing the payment technology ecosystem. Alaan’s commitment to innovation and investment in research and development align perfectly with Visa’s mission to shape the future of payments.

With over 500 organizations already utilizing Alaan’s platform for its robust spend management features, this partnership will further enhance the platform’s capabilities. Businesses can expect improvements in real-time tracking, automated reconciliations, and streamlined expense management, all supported by Visa’s global network for seamless international payments.

The CEO of Alaan, Parthi Duraisamy, is enthusiastic about the collaboration with Visa, emphasizing the transformative impact it will have on how businesses manage their finances in the Middle East. Joint marketing initiatives between Alaan and Visa are also planned to promote the adoption of advanced spend management solutions in the region.

As Alaan and Visa embark on this journey together, businesses in the Middle East can anticipate a future where managing corporate expenses is not only easier but also a strategic advantage in driving efficiency and growth.