Mitsumi Collaborates with CLOWD9 to Revolutionize Digital Transactions in the Middle East and Africa Region
In a significant move to reshape the digital payments landscape in the Middle East and Africa (MEA), Mitsumi and UK-based fintech company CLOWD9 have announced a strategic collaboration. The partnership was announced during the Mayor of London's fintech trade mission to Nairobi [1][2].
Jagat Shah, Chairman & CEO of Mitsumi, views this partnership as a pivotal moment for the company, stating, "This collaboration is critical for growing digital economies in Middle East and Africa" [1][2]. Suresh Vaghjiani, CEO and Founder of CLOWD9, shares the sentiment, expressing his excitement about partnering with Mitsumi [1].
At the heart of this partnership is CLOWD9’s 100% cloud-native platform, which will be used to drive advancements in digital payments with Mitsumi [1][3]. CLOWD9's platform, built on the latest cloud-native microservices technologies, promises to enhance Mitsumi’s processing capabilities, enabling faster and more efficient transactions across the MEA region [1][4].
The collaboration aims to support Mitsumi’s rapid growth and entry into new markets, while also improving resilience and innovation in payment services [1]. This is expected to lead to improved transaction stability and sustainability in emerging MEA markets [1].
Furthermore, the partnership will optimize banking processes, potentially leading to better financial ecosystem integration and user experience in the MEA region [5]. By leveraging CLOWD9’s cloud-based payment technologies, Mitsumi will be able to launch and scale card issuance and payment solutions, delivering an even better experience to its customers across its extensive network [6].
The partnership comes as a response to the growing demand for modern and efficient payment processing solutions. Nigeria and Kenya, two of the world's most vibrant and rapidly developing tech ecosystems, according to Sadiq Khan, The Mayor of London, are set to benefit from this collaboration [7].
Sadiq Khan, The Mayor of London, is pleased about CLOWD9 joining him in Africa as part of the trade delegation, stating, "I am delighted that CLOWD9 is joining me in Africa as part of London & Partners Grow London Global trade delegation" [8].
The partnership between Mitsumi and CLOWD9 aligns with Mitsumi's vision to provide cutting-edge, reliable, and sustainable technology solutions. Together, they are committed to improving digital payment options across the Middle East and Africa [9]. The collaboration also aims to ensure unparalleled uptime, scalability, and environmental responsibility [10].
[1] https://www.finextra.com/pressarticle/91356/mitsumi-and-cloud9-form-strategic-partnership-to-drive-digital-payments-in-mea [2] https://www.finextra.com/pressarticle/81516/mitsumi-announces-new-partnership-with-cloud9-to-drive-digital-payments-in-mea [3] https://www.bankingtech.com/news/mitsumi-collaborates-with-cloud-native-fintech-clowd9/ [4] https://www.finextra.com/pressarticle/81516/mitsumi-announces-new-partnership-with-cloud9-to-drive-digital-payments-in-mea [5] https://www.finextra.com/pressarticle/91356/mitsumi-and-cloud9-form-strategic-partnership-to-drive-digital-payments-in-mea [6] https://www.bankingtech.com/news/mitsumi-collaborates-with-cloud-native-fintech-clowd9/ [7] https://www.standard.co.uk/news/london/sadiq-khan-joins-trade-delegation-to-kenya-and-nigeria-a4379181.html [8] https://www.standard.co.uk/news/london/sadiq-khan-joins-trade-delegation-to-kenya-and-nigeria-a4379181.html [9] https://www.finextra.com/pressarticle/91356/mitsumi-and-cloud9-form-strategic-partnership-to-drive-digital-payments-in-mea [10] https://www.bankingtech.com/news/mitsumi-collaborates-with-cloud-native-fintech-clowd9/
- The strategic collaboration between Mitsumi and UK-based fintech company CLOWD9, as announced during the Mayor of London's fintech trade mission to Nairobi, involves leveraging CLOWD9's 100% cloud-native platform to drive advancements in digital payments with Mitsumi.
- The partnership aims to support Mitsumi’s rapid growth and entry into new markets, while also improving resilience and innovation in payment services, potentially leading to improved transaction stability and sustainability in emerging MEA markets.
- By optimizing banking processes through the use of CLOWD9’s cloud-based payment technologies, Mitsumi will be able to launch and scale card issuance and payment solutions, delivering an even better experience to its customers across its extensive network.
