Global Payment Services (GPS), a leading FinTech and third-party payment processor in the Kingdom of Bahrain, announces its strategic partnership with International Investment Bank S.A., (iib East Africa) a management-owned bank with operations in Djibouti, among other locations.

Through this collaboration, GPS will be extending its payment processing capabilities to the East African market, providing Djibouti with VISA sponsorship, licensing, and secure infrastructure solutions to support the launch of prepaid and debit card products.

“We are thrilled to be partnering with iib East Africa to bring our innovative payment technologies to the financial industry in Djibouti,” said Mr. Ali Arab, the General Manager of Global Payment Services (GPS). “This agreement aligns with our broader strategy to expand our footprint across Africa and leverage our expertise to drive financial inclusion and economic growth in emerging markets.”

As part of the partnership, GPS will be deploying its advanced fraud management system and card management solutions to power iib East Africa’s new card offerings. This will enable the bank to deliver a secure and reliable payment experience to its customers.

Sohail Sultan, Chairman of iibGroup, commented on the occasion: “Collaborating with an industry leader as exemplified by GPS, allows us to offer innovative digital payment products that meet the evolving needs of our East African bank. We look forward to a successful long-term partnership that will support our mission of expanding access to innovative financial services across the region.”

GPS views this partnership as a crucial milestone in its strategy to expand operations across Africa and the Latin American and Caribbean (LAC) region. Both parties are united in their vision for innovation and excellence, committed to providing outstanding payment services that cater to the diverse needs of their customers.